Jefferies Financial Group Inc. Boosts Position in Amphenol Corporation (NYSE:APH)

Key Points

• Jefferies Financial Group Inc. significantly increased its stake in Amphenol Corporation by 300.3% in the first quarter, now owning 71,800 shares valued at approximately $4.7 million.
• A number of institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have also raised their holdings in Amphenol, with institutional ownership totaling 97.01% of the company's stock.
• Amphenol's recent earnings report revealed an EPS of $0.81, surpassing estimates and showing a 56.5% year-over-year revenue increase at $5.65 billion.

Jefferies Financial Group Inc. raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 300.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,800 shares of the electronics maker's stock after purchasing an additional 53,864 shares during the period. Jefferies Financial Group Inc.'s holdings in Amphenol were worth $4,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in APH. Hughes Financial Services LLC acquired a new position in Amphenol during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in Amphenol in the 1st quarter valued at approximately $28,000. Global X Japan Co. Ltd. purchased a new stake in Amphenol during the first quarter worth $44,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Amphenol in the 4th quarter worth about $48,000. Finally, Meeder Asset Management Inc. raised its holdings in Amphenol by 30.5% in the 1st quarter. Meeder Asset Management Inc. now owns 856 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 200 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Finally, Wall Street Zen raised Amphenol from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.23.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock valued at $52,935,980 over the last three months. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Amphenol stock traded up $4.22 during mid-day trading on Monday, hitting $108.53. The company had a trading volume of 8,990,894 shares, compared to its average volume of 9,307,081. The company has a market capitalization of $132.51 billion, a price-to-earnings ratio of 43.24, a P/E/G ratio of 1.74 and a beta of 1.13. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The company's fifty day moving average is $96.99 and its 200-day moving average is $79.75. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. 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 dividend payout ratio is 26.29%.

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.