Amphenol Corporation (NYSE:APH) Shares Purchased by AlphaCore Capital LLC

Key Points

• AlphaCore Capital LLC increased its stake in Amphenol Corporation by 29.6%, owning 39,412 shares valued at approximately $2.59 million.
• In the most recent quarter, institutional investors have shown considerable interest in Amphenol, with over 97% of the stock currently held by such entities.
• Amphenol announced a quarterly dividend of $0.165 per share, representing a 0.6% dividend yield, and will be paid on October 8th.

AlphaCore Capital LLC grew its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 29.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,412 shares of the electronics maker's stock after acquiring an additional 9,004 shares during the period. AlphaCore Capital LLC's holdings in Amphenol were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC bought a new position in Amphenol in the 1st quarter worth $25,000. Avalon Trust Co boosted its holdings in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after buying an additional 232 shares during the period. N.E.W. Advisory Services LLC bought a new position in Amphenol in the 1st quarter worth $28,000. Global X Japan Co. Ltd. bought a new position in Amphenol in the 1st quarter worth $44,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Amphenol during the 4th quarter valued at about $48,000. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

APH traded up $1.16 on Tuesday, reaching $110.97. 3,049,251 shares of the company's stock were exchanged, compared to its average volume of 8,469,801. The stock has a market cap of $135.49 billion, a PE ratio of 44.22, a P/E/G ratio of 1.79 and a beta of 1.13. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $111.03. The stock's fifty day moving average price is $99.46 and its 200-day moving average price is $81.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. Sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

Analyst Upgrades and Downgrades

APH has been the subject of several research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a report on Friday, July 11th. Evercore ISI increased their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup upped their target price on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Insider Activity

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the transaction, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,000 shares of company stock valued at $52,935,980. 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.