Mizuho Securities USA LLC Cuts Position in Amphenol Corporation (NYSE:APH)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Amphenol Corporation by 15.1%, now owning 96,971 shares worth approximately $6.36 million.
• Amphenol's stock recently traded at $110.01 and has shown a year-over-year revenue increase of 56.5%, with EPS for the last quarter reported at $0.81.
• The company declared a quarterly dividend of $0.165 per share, adding up to an annualized dividend yield of 0.6%, scheduled for payment on October 8th.

Mizuho Securities USA LLC cut its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 15.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,971 shares of the electronics maker's stock after selling 17,294 shares during the period. Mizuho Securities USA LLC's holdings in Amphenol were worth $6,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hughes Financial Services LLC acquired a new position in shares of Amphenol during the 1st quarter valued at about $25,000. Avalon Trust Co increased its holdings in shares of Amphenol by 133.3% during the 1st 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 acquired a new position in shares of Amphenol during the 1st quarter valued at about $28,000. Global X Japan Co. Ltd. acquired a new position in shares of Amphenol during the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Amphenol during the 4th quarter valued at about $48,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

NYSE:APH traded down $0.15 during trading hours on Monday, reaching $109.83. 4,858,996 shares of the company were exchanged, compared to its average volume of 9,268,698. The business has a 50 day moving average of $99.46 and a 200 day moving average of $81.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $111.00. The company has a market capitalization of $134.09 billion, a P/E ratio of 43.76, a P/E/G ratio of 1.79 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.65 billion for 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 quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date 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%.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The shares were 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 this link. Also, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction that occurred 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 transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 586,000 shares of company stock valued at $52,935,980. 1.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APH has been the topic of a number of analyst reports. Citigroup increased their price objective on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised 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. Evercore ISI raised their target price on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. UBS Group raised their target price on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Robert W. Baird lifted their price objective on Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.92.

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.