Banque Cantonale Vaudoise Makes New Investment in Amphenol Corporation (NYSE:APH)

Key Points

• Banque Cantonale Vaudoise acquired 11,413 shares of Amphenol Corporation valued at approximately $748,000 during the first quarter.
• Amphenol's recent earnings report showed a revenue of $5.65 billion, significantly surpassing consensus estimates of $5.01 billion, and reported earnings per share of $0.81.
• Wall Street analysts have generally positive outlooks on Amphenol, with the stock receiving nine buy ratings and an average price target of $102.23.

Banque Cantonale Vaudoise purchased a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,413 shares of the electronics maker's stock, valued at approximately $748,000.

Other hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new stake in Amphenol in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in Amphenol in the 1st quarter valued at $28,000. Global X Japan Co. Ltd. bought a new stake in Amphenol in the 1st quarter valued at $44,000. Coppell Advisory Solutions LLC bought a new stake in Amphenol in the 4th quarter valued at $48,000. Finally, Meeder Asset Management Inc. boosted its holdings in Amphenol by 30.5% in the 1st quarter. Meeder Asset Management Inc. now owns 856 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 200 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 4.0%

Shares of NYSE APH traded up $4.22 during mid-day trading on Monday, hitting $108.53. The company's stock had a trading volume of 8,882,899 shares, compared to its average volume of 8,558,791. The stock has a market cap of $132.51 billion, a price-to-earnings ratio of 43.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. 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 one year low of $54.77 and a one year high of $108.85. The company's fifty day simple moving average is $96.99 and its 200-day simple moving average is $79.75.

Amphenol (NYSE:APH - Get Free Report) last issued its 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 analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APH shares. Truist Financial increased their price objective on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. Evercore ISI increased their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. TD Securities increased 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. Finally, KGI Securities started coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $102.23.

Insider Activity

In related news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares of the company's stock, valued at $13,532,661.48. This trade represents a 20.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock worth $52,935,980 over the last quarter. 1.67% of the stock is owned by insiders.

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.