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Amphenol Corporation $APH Shares Acquired by Chapin Davis Inc.

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Key Points

  • Chapin Davis Inc. increased its stake in Amphenol by 32.5% in Q4 to 53,682 shares worth $7.26 million, making APH the firm's 15th-largest holding (1.7% of its portfolio).
  • CEO Richard Adam Norwitt sold 515,281 shares on Feb. 12 at an average $147.27 (≈$75.9M), cutting his ownership by 21.09%; insiders now own about 1.42% of the company.
  • Amphenol topped estimates with Q results of $0.97 EPS vs. $0.93 and revenue of $6.44B vs. $6.19B (revenue +49.1% YoY); analysts rate the stock a Moderate Buy with an average target of $156.71.
  • Five stocks we like better than Amphenol.

Chapin Davis Inc. grew its stake in Amphenol Corporation (NYSE:APH - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,682 shares of the electronics maker's stock after purchasing an additional 13,163 shares during the quarter. Amphenol makes up 1.7% of Chapin Davis Inc.'s holdings, making the stock its 15th biggest position. Chapin Davis Inc.'s holdings in Amphenol were worth $7,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vest Financial LLC grew its position in shares of Amphenol by 23.0% in the fourth quarter. Vest Financial LLC now owns 20,331 shares of the electronics maker's stock valued at $2,748,000 after purchasing an additional 3,798 shares during the period. Strategic Blueprint LLC boosted its position in Amphenol by 6.3% during the fourth quarter. Strategic Blueprint LLC now owns 13,891 shares of the electronics maker's stock worth $1,877,000 after acquiring an additional 829 shares during the last quarter. Cadence Bank boosted its position in Amphenol by 0.4% during the fourth quarter. Cadence Bank now owns 28,322 shares of the electronics maker's stock worth $3,827,000 after acquiring an additional 104 shares during the last quarter. United Community Bank boosted its position in Amphenol by 126.1% during the fourth quarter. United Community Bank now owns 1,605 shares of the electronics maker's stock worth $217,000 after acquiring an additional 895 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Amphenol by 4.7% during the fourth quarter. Wealthfront Advisers LLC now owns 168,240 shares of the electronics maker's stock worth $22,736,000 after acquiring an additional 7,568 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of APH stock opened at $143.70 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The firm's 50-day moving average is $138.16 and its two-hundred day moving average is $138.78. Amphenol Corporation has a 12 month low of $74.31 and a 12 month high of $167.04. The company has a market capitalization of $176.67 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.25.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. Amphenol's quarterly revenue was up 49.1% compared to the same quarter last year. Analysts predict that Amphenol Corporation will post 4.34 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol's payout ratio is 29.94%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the transaction, the chief executive officer directly owned 1,927,507 shares of the company's stock, valued at $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on APH shares. US Capital Advisors set a $165.00 price target on shares of Amphenol in a research report on Friday, January 9th. Citigroup boosted their price target on shares of Amphenol from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. UBS Group set a $170.00 price target on shares of Amphenol and gave the stock a "buy" rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Truist Financial set a $182.00 price target on shares of Amphenol in a research report on Tuesday, January 13th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $156.71.

Check Out Our Latest Stock Report on Amphenol

Amphenol Company Profile

(Free Report)

Amphenol Corporation NYSE: APH is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

Further Reading

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH - Free Report).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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