Amphenol Corporation (NYSE:APH) Shares Bought 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 Amphenol Corporation (NYSE:APH - Free Report) by 29.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,412 shares of the electronics maker's stock after purchasing an additional 9,004 shares during the quarter. AlphaCore Capital LLC's holdings in Amphenol were worth $2,592,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Hughes Financial Services LLC purchased a new position in shares of Amphenol during the first quarter valued at approximately $25,000. Avalon Trust Co lifted its stake in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after buying an additional 232 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Amphenol during the first quarter valued at approximately $28,000. Global X Japan Co. Ltd. purchased a new position in shares of Amphenol during the first quarter valued at approximately $44,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $48,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APH shares. UBS Group increased their price target on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. KGI Securities started coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating on the stock. Finally, Citigroup increased their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Amphenol Stock Up 1.3%

Shares of NYSE APH traded up $1.46 during trading on Friday, reaching $110.01. 5,052,387 shares of the stock were exchanged, compared to its average volume of 9,351,925. The company has a market capitalization of $134.31 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. The business's 50-day moving average price is $99.07 and its 200 day moving average price is $80.97. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $110.60.

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

Amphenol Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Amphenol's payout ratio is currently 26.29%.

Insider Activity

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction on 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 owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider directly owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is owned by corporate insiders.

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.