Advyzon Investment Management LLC Takes $197,000 Position in Amphenol Corporation (NYSE:APH)

Key Points

• Advyzon Investment Management LLC has acquired a stake in Amphenol Corporation, purchasing 3,003 shares valued at approximately $197,000 in the first quarter.
• Amphenol recently reported strong financial results, with EPS of $0.81 exceeding expectations and revenue of $5.65 billion, representing a 56.5% year-over-year increase.
• The company also announced a quarterly dividend of $0.165 per share, with a payout ratio of 26.29% and an annualized dividend yield of 0.6%.

Advyzon Investment Management LLC acquired a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,003 shares of the electronics maker's stock, valued at approximately $197,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Forum Financial Management LP grew its position in shares of Amphenol by 1.9% in the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after acquiring an additional 126 shares during the period. FourThought Financial Partners LLC lifted its stake in Amphenol by 4.1% in the 1st quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock valued at $231,000 after purchasing an additional 139 shares during the last quarter. Gallacher Capital Management LLC grew its holdings in Amphenol by 4.6% during the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 shares during the period. Adell Harriman & Carpenter Inc. increased its position in Amphenol by 2.5% during the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after buying an additional 143 shares during the last quarter. Finally, Fullcircle Wealth LLC increased its position in Amphenol by 1.3% during the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after buying an additional 151 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on APH shares. KGI Securities began coverage on Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research report on Friday, July 11th. Truist Financial increased their price objective on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. TD Securities raised their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Citigroup upped their price target on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $104.92.

Amphenol Price Performance

Shares of NYSE APH traded up $1.46 during midday trading on Friday, reaching $110.01. The company's stock had a trading volume of 5,052,387 shares, compared to its average volume of 9,351,925. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The company has a market cap of $134.31 billion, a P/E ratio of 43.83, a P/E/G ratio of 1.77 and a beta of 1.13. The business's 50 day moving average price is $98.66 and its two-hundred day moving average price is $80.69. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $110.60.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The company's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. On average, analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio is 26.29%.

Insider Activity

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction 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 sale, the insider directly owned 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 586,000 shares of company stock worth $52,935,980. Insiders own 1.67% of the company's stock.

Amphenol Profile

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.