Amphenol Corporation $APH Shares Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Amphenol Corporation by 199.3% during the second quarter, acquiring a total of 8,308 shares worth approximately $837,000.
• Amphenol reported $0.81 earnings per share for its latest quarter, surpassing analysts' expectations of $0.66, while revenue reached $5.65 billion, significantly higher than the anticipated $5.01 billion.
• The company's stock has seen recent analyst upgrades, with Bank of America and Evercore ISI both raising their price targets to $150.00, reflecting growing confidence in its performance.

Chicago Partners Investment Group LLC raised its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 199.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,308 shares of the electronics maker's stock after acquiring an additional 5,532 shares during the period. Chicago Partners Investment Group LLC's holdings in Amphenol were worth $837,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in APH. Hughes Financial Services LLC acquired a new stake in Amphenol in the 1st quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in Amphenol during the second quarter worth approximately $25,000. Avalon Trust Co boosted its holdings in shares of Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $28,000. Finally, Saudi Central Bank acquired a new stake in shares of Amphenol during the 1st quarter worth $31,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

APH stock opened at $124.60 on Wednesday. The firm has a market cap of $152.13 billion, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $128.12. The stock has a 50-day simple moving average of $118.01 and a 200-day simple moving average of $99.22.

Amphenol (NYSE:APH - Get Free Report) last released 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 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%.Amphenol's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. On average, equities analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th were paid a $0.165 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Amphenol's dividend payout ratio is 26.29%.

Insider Activity

In related news, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction on Monday, August 11th. The shares were sold at an average price of $110.29, for a total transaction of $12,462,770.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 665,924 shares of company stock valued at $73,369,357 in the last 90 days. Company insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America upgraded Amphenol from a "neutral" rating to a "buy" rating and lifted their target price for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Evercore ISI raised their price objective on Amphenol from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research report on Friday, July 11th. Finally, Barclays initiated coverage on shares of Amphenol in a research report on Wednesday, October 8th. They set an "equal weight" rating and a $120.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average price target of $118.00.

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.

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