Stevens Capital Management LP Purchases 11,032 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Stevens Capital Management LP increased its holdings in Amphenol Corporation by 204.8%, owning 16,418 shares valued at $1,077,000 after purchasing an additional 11,032 shares in the first quarter.
• Several research firms, including JPMorgan Chase & Co. and Truist Financial, have raised their price targets for Amphenol, indicating strong buy ratings on the stock, with the average target price now at $102.23.
• Insider transactions revealed significant sales, including a sale of 100,000 shares by VP David M. Silverman for $8.9 million, leading to an 88.89% decrease in ownership.

Stevens Capital Management LP boosted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 204.8% 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 16,418 shares of the electronics maker's stock after purchasing an additional 11,032 shares during the quarter. Stevens Capital Management LP's holdings in Amphenol were worth $1,077,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC lifted its stake in Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after buying an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Amphenol during the fourth quarter valued at about $13,847,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Amphenol by 46.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in shares of Amphenol by 14.4% during the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after purchasing an additional 568 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after purchasing an additional 2,514 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APH. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research note on Friday, July 11th. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Robert W. Baird boosted their price target on shares of Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $102.23.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider directly owned 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 799,500 shares of company stock worth $70,053,885. Insiders own 1.67% of the company's stock.

Amphenol Trading Down 0.7%

APH traded down $0.70 during trading on Tuesday, reaching $106.00. The company had a trading volume of 4,405,025 shares, compared to its average volume of 8,495,938. The firm's 50-day simple moving average is $95.41 and its 200 day simple moving average is $78.76. The company has a market cap of $128.22 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 1.84 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 has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02.

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

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.62%. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

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.