Benjamin Edwards Inc. Acquires 91,812 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Benjamin Edwards Inc. increased its stake in Amphenol Corporation by 14.2% during Q1, owning 739,708 shares worth approximately $48.5 million by the end of the quarter.
• Analysts have mixed opinions on Amphenol, with price targets ranging from $63.00 to $125.00, reflecting a consensus rating of "Moderate Buy."
• Amphenol reported earnings per share of $0.81 for the last quarter, significantly exceeding expectations, and showing a revenue increase of 56.5% year-over-year.

Benjamin Edwards Inc. raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 14.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 739,708 shares of the electronics maker's stock after buying an additional 91,812 shares during the period. Benjamin Edwards Inc. owned about 0.06% of Amphenol worth $48,518,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in APH. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the first quarter worth approximately $25,000. Avalon Trust Co boosted its position in 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 acquiring an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Amphenol during the 1st quarter worth about $28,000. Global X Japan Co. Ltd. bought a new position in Amphenol in the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $48,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Down 0.1%

NYSE APH traded down $0.15 during trading hours on Monday, hitting $109.83. 4,858,996 shares of the company's stock were exchanged, compared to its average volume of 9,268,698. The stock has a 50-day simple moving average of $99.07 and a 200 day simple moving average of $80.99. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $111.00. The firm has a market cap of $134.09 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 1.79 and a beta of 1.13. 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 released its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. Amphenol's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. On average, 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 paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Analysts Set New Price Targets

Several equities analysts have recently commented on APH shares. Robert W. Baird upped their price objective on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research report on Friday, July 11th. Citigroup boosted their target price on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group upped their price objective on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Bank of America raised their target price on shares of Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $104.92.

Insider Activity

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president owned 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of Amphenol 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 approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock worth $52,935,980 in the last ninety days. 1.67% of the stock is currently owned by company insiders.

Amphenol Company 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.