Avantax Advisory Services Inc. Acquires 8,506 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Avantax Advisory Services Inc. increased its stake in Amphenol Corporation by 14.4%, acquiring an additional 8,506 shares, bringing its total ownership to 67,436 shares valued at approximately $4.42 million.
• Amphenol recently posted a quarterly earnings report showing $0.81 EPS, exceeding expectations and resulting in a year-over-year revenue increase of 56.5%.
• The company declared a quarterly dividend of $0.165 per share, which translates to an annual yield of 0.62% based on its current stock price.

Avantax Advisory Services Inc. increased its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,436 shares of the electronics maker's stock after acquiring an additional 8,506 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Amphenol were worth $4,423,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Amphenol by 14.9% in the 4th quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock valued at $907,420,000 after purchasing an additional 1,689,632 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Securities raised their price target 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. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Citigroup lifted their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Trading Down 1.7%

Shares of NYSE APH traded down $1.78 during midday trading on Friday, reaching $104.73. The stock had a trading volume of 3,893,119 shares, compared to its average volume of 8,537,042. The firm has a market cap of $127.87 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. Amphenol Corporation has a twelve month low of $54.77 and a twelve 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. The company's 50 day moving average price is $96.62 and its 200 day moving average price is $79.39.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 net margin of 16.90% and a return on equity of 30.58%. Amphenol's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed 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. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio is currently 26.29%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $8,909,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is owned by 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.