Elyxium Wealth LLC Purchases New Holdings in Amphenol Corporation (NYSE:APH)

Elyxium Wealth LLC bought a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,365 shares of the electronics maker's stock, valued at approximately $221,000.

Several other hedge funds have also recently bought and sold shares of APH. OneAscent Family Office LLC acquired a new position in Amphenol in the 1st quarter valued at approximately $510,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Amphenol by 5.5% in the first quarter. Kestra Private Wealth Services LLC now owns 30,688 shares of the electronics maker's stock worth $2,013,000 after buying an additional 1,593 shares during the last quarter. Buckhead Capital Management LLC raised its stake in Amphenol by 1.1% during the first quarter. Buckhead Capital Management LLC now owns 64,169 shares of the electronics maker's stock valued at $4,209,000 after purchasing an additional 710 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Amphenol by 11.0% in the 1st quarter. Private Advisor Group LLC now owns 41,930 shares of the electronics maker's stock valued at $2,750,000 after buying an additional 4,155 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Amphenol during the 1st quarter worth approximately $278,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of NYSE:APH traded down $0.94 on Wednesday, hitting $100.84. The company had a trading volume of 23,926,290 shares, compared to its average volume of 7,711,119. The company has a market cap of $121.98 billion, a PE ratio of 48.90, a PEG ratio of 2.09 and a beta of 1.13. The business has a 50 day moving average of $93.26 and a 200 day moving average of $77.39. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $109.37. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider directly owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APH. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Evercore ISI boosted their price objective on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.07.

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.