Amphenol Corporation (NYSE:APH) is Foster Dykema Cabot & Partners LLC's 6th Largest Position

Key Points

• Foster Dykema Cabot & Partners LLC has increased its holdings in Amphenol Corporation by 2.1%, making it the firm's 6th largest position, valued at approximately $40 million.
• Several hedge funds, including Bank of America and Price T Rowe Associates, significantly boosted their positions in Amphenol during the last quarter, indicating strong institutional interest in the company.
• Amphenol's recent quarterly earnings report showed earnings per share of $0.81, surpassing expectations, while revenue rose 56.5% year-over-year to $5.65 billion.

Foster Dykema Cabot & Partners LLC boosted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,195 shares of the electronics maker's stock after purchasing an additional 12,743 shares during the quarter. Amphenol makes up about 3.2% of Foster Dykema Cabot & Partners LLC's investment portfolio, making the stock its 6th largest holding. Foster Dykema Cabot & Partners LLC owned about 0.05% of Amphenol worth $40,058,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hughes Financial Services LLC bought a new position in Amphenol during the 1st quarter worth $25,000. Avalon Trust Co grew its position in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after acquiring an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol in the 1st quarter worth about $28,000. Global X Japan Co. Ltd. bought a new stake in Amphenol in the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Amphenol during the 4th quarter valued at about $48,000. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

NYSE:APH traded up $1.46 during mid-day 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 current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average price of $99.07 and a 200 day moving average price of $80.95. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $110.60. The firm has a market capitalization of $134.31 billion, a PE ratio of 43.83, a PEG ratio of 1.77 and a beta of 1.13.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Analysts Set New Price Targets

APH has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Industrial Alliance Securities set a $115.00 target price on Amphenol in a research report on Friday, July 11th. Truist Financial boosted their price target on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America increased their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Amphenol from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Four 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $104.92.

Insider Buying and Selling

In other news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on 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 sale, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Doherty sold 160,000 shares of the 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 586,000 shares of company stock valued at $52,935,980. 1.67% of the stock is owned by 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.