MUFG Securities EMEA plc Has $10.10 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• MUFG Securities EMEA plc increased its stake in Amphenol Corporation by 13.2% during the first quarter, holding 153,999 shares valued at $10.1 million.
• Insider William J. Doherty sold 160,000 shares of Amphenol stock, totaling approximately $14.3 million, while Luc Walter sold 286,000 shares for about $26.1 million, indicating significant insider transactions.
• Amphenol reported $0.81 earnings per share for the last quarter, surpassing estimates, with revenue of $5.65 billion, marking a year-over-year growth of 56.5%.

MUFG Securities EMEA plc boosted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 153,999 shares of the electronics maker's stock after acquiring an additional 17,999 shares during the quarter. MUFG Securities EMEA plc's holdings in Amphenol were worth $10,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APH. Hughes Financial Services LLC bought a new position in Amphenol in the 1st quarter worth approximately $25,000. Avalon Trust Co lifted its stake in shares of Amphenol by 133.3% during the 1st 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 purchased a new position in Amphenol in the 1st quarter worth about $28,000. Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol in the first quarter valued at approximately $44,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Amphenol during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

APH has been the subject of several analyst reports. KGI Securities initiated coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday. UBS Group increased their price target on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.92.

Insider Activity at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president owned 12,500 shares in the company, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luc Walter sold 286,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider owned 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is owned by insiders.

Amphenol Stock Down 0.1%

Shares of APH traded down $0.15 during mid-day trading on Monday, reaching $109.83. The company's stock had a trading volume of 4,858,996 shares, compared to its average volume of 9,268,698. The business has a fifty day moving average of $99.07 and a 200 day moving average of $80.99. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market cap of $134.09 billion, a price-to-earnings ratio of 43.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $111.00.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping 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 the consensus estimate of $5.01 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm's revenue was up 56.5% on a year-over-year basis. As a group, analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

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.