NovaPoint Capital LLC Purchases 2,924 Shares of Amphenol Corporation (NYSE:APH)

NovaPoint Capital LLC increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,387 shares of the electronics maker's stock after buying an additional 2,924 shares during the period. NovaPoint Capital LLC's holdings in Amphenol were worth $3,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MJP Associates Inc. ADV grew its stake in Amphenol by 2.3% in the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after acquiring an additional 166 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in shares of Amphenol by 1.4% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after purchasing an additional 203 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Amphenol by 6.8% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock worth $217,000 after buying an additional 211 shares during the last quarter. Rossby Financial LCC grew its stake in Amphenol by 2.8% in the 1st quarter. Rossby Financial LCC now owns 7,750 shares of the electronics maker's stock valued at $508,000 after purchasing an additional 211 shares during the period. Finally, Rothschild Investment LLC grew its position in Amphenol by 10.5% during the first quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after buying an additional 214 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In related news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider directly owned 447,790 shares of the company's stock, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of Amphenol stock traded up $1.01 on Wednesday, reaching $98.40. The stock had a trading volume of 6,354,278 shares, compared to its average volume of 7,618,571. The business's 50 day moving average is $87.67 and its two-hundred day moving average is $74.77. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $99.01. The company has a market cap of $119.02 billion, a P/E ratio of 47.77, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. Amphenol's revenue was up 47.7% on a year-over-year basis. As a group, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APH shares. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. UBS Group increased their price target on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.00.

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.