MGO One Seven LLC Grows Holdings in Amphenol Co. (NYSE:APH)

MGO One Seven LLC boosted its position in Amphenol Co. (NYSE:APH - Free Report) by 196.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,364 shares of the electronics maker's stock after acquiring an additional 22,789 shares during the period. MGO One Seven LLC's holdings in Amphenol were worth $2,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management bought a new position in shares of Amphenol during the fourth quarter valued at approximately $32,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on APH shares. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group increased their price objective on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Finally, UBS Group reiterated a "buy" rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $82.58.

Amphenol Stock Down 1.2 %

Shares of NYSE:APH traded down $0.95 during trading on Wednesday, reaching $75.73. 1,719,234 shares of the stock traded hands, compared to its average volume of 7,437,974. The stock has a market cap of $91.77 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a 50-day moving average of $65.80 and a two-hundred day moving average of $69.13. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company earned $0.40 EPS. The company's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 390,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This represents a 46.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. The trade was a 77.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,965,000 shares of company stock valued at $224,785,900 over the last 90 days. Company insiders own 1.67% of the company's stock.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.