GDS Wealth Management Makes New Investment in Amphenol Corporation $APH

Key Points

• GDS Wealth Management has invested approximately $4.48 million to acquire 68,279 shares of Amphenol Corporation in the first quarter of 2023.
• Insider transactions have shown that Luc Walter sold 286,000 shares for over $26 million, representing a 38.76% decrease in ownership.
• Analysts have given Amphenol a consensus rating of "Moderate Buy", with several raising their price targets, now ranging from $110 to $126.

GDS Wealth Management bought a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,279 shares of the electronics maker's stock, valued at approximately $4,478,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance lifted its position in Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock valued at $471,000 after purchasing an additional 122 shares during the period. Forum Financial Management LP lifted its position in Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after purchasing an additional 126 shares during the period. Ironwood Investment Counsel LLC lifted its position in Amphenol by 2.9% in the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock valued at $307,000 after purchasing an additional 132 shares during the period. FourThought Financial Partners LLC lifted its position in Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock valued at $231,000 after purchasing an additional 139 shares during the period. Finally, Gallacher Capital Management LLC lifted its position in Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APH shares. Evercore ISI raised their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Wall Street Zen cut shares of Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Finally, Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.62.

Amphenol Price Performance

NYSE:APH traded up $0.5040 during trading hours on Friday, reaching $109.3140. 7,552,440 shares of the company traded hands, compared to its average volume of 7,896,059. The firm's 50-day moving average is $102.54 and its 200-day moving average is $83.55. The stock has a market cap of $133.46 billion, a P/E ratio of 43.55, a P/E/G ratio of 1.75 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 1-year low of $56.45 and a 1-year high of $112.35.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating 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 quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Equities research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Insider Activity at Amphenol

In other Amphenol 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 value of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company's stock, valued at $8,449,840. The trade was a 56.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 912,000 shares of company stock worth $88,763,320 over the last three months. Company insiders own 1.67% of the company's stock.

Amphenol 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.