Banco Santander S.A. Acquires New Position in Amphenol Corporation (NYSE:APH)

Key Points

• Banco Santander S.A. has acquired a new stake of 192,099 shares in Amphenol Corporation, valued at approximately $12.6 million.
• Research analysts have raised their price targets for Amphenol, with Evercore ISI increasing their target from $105 to $110 and JPMorgan Chase from $120 to $125.
• Amphenol recently reported earnings of $0.81 per share, exceeding analysts' expectations of $0.66, alongside a revenue of $5.65 billion for the quarter.

Banco Santander S.A. acquired a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 192,099 shares of the electronics maker's stock, valued at approximately $12,600,000.

Several other large investors have also recently modified their holdings of APH. Perigon Wealth Management LLC grew its holdings in shares of Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after purchasing an additional 3,964 shares during the period. Raiffeisen Bank International AG acquired a new position in Amphenol during the 4th quarter worth about $13,847,000. Cambridge Investment Research Advisors Inc. lifted its position 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 worth $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Amphenol by 14.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after buying an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares during the period. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

APH traded up $4.22 during midday trading on Monday, hitting $108.53. The stock had a trading volume of 8,990,894 shares, compared to its average volume of 9,307,081. The company has a market cap of $132.51 billion, a P/E ratio of 43.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The business has a fifty day moving average of $96.99 and a 200 day moving average of $79.75. 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 Corporation has a 1 year low of $54.77 and a 1 year high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. As a group, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol's payout ratio is currently 26.29%.

Analysts Set New Price Targets

Several brokerages recently commented on APH. Truist Financial lifted their price target on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. KGI Securities initiated coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. UBS Group upped their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Finally, Citigroup boosted their target price on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.23.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider directly owned 451,790 shares of the company's stock, 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. Over the last three months, insiders have sold 586,000 shares of company stock valued at $52,935,980. Insiders own 1.67% of the company's stock.

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.