LPL Financial LLC Grows Stock Position in Amphenol Corporation (NYSE:APH)

Key Points

• LPL Financial LLC has increased its stock position in Amphenol Corporation by 16.0% to a total of 790,840 shares, valued at approximately $51.87 million.
• Amphenol reported a strong earnings performance with $0.81 earnings per share for the quarter, surpassing analysts' expectations of $0.66, and a year-over-year revenue increase of 56.5%.
• The company also announced a quarterly dividend of $0.165 per share, set for distribution on October 8th, resulting in an annualized yield of 0.6%.

LPL Financial LLC increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 790,840 shares of the electronics maker's stock after purchasing an additional 109,120 shares during the quarter. LPL Financial LLC owned approximately 0.07% of Amphenol worth $51,871,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new position in shares of Amphenol in the first quarter worth about $25,000. Global X Japan Co. Ltd. acquired a new stake in Amphenol in the 1st quarter valued at about $44,000. Coppell Advisory Solutions LLC purchased a new position in Amphenol in the 4th quarter worth approximately $48,000. West Branch Capital LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $57,000. Finally, Colonial Trust Co SC grew its position in shares of Amphenol by 342.9% in the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after purchasing an additional 672 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 1.2%

Shares of NYSE APH opened at $106.71 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business's 50 day moving average is $96.62 and its two-hundred day moving average is $79.39. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $108.85. The firm has a market cap of $130.28 billion, a price-to-earnings ratio of 42.51, a PEG ratio of 1.76 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, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company's revenue was up 56.5% on a year-over-year basis. Research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm 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 payout ratio is 26.29%.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction that occurred 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 directly owned 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the firm's 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 disclosure for this sale can be found here. In the last three months, insiders sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APH. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research report on Friday, July 11th. Truist Financial lifted their price target on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. TD Securities upped their price objective 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 raised shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, Evercore ISI increased their price target 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. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $102.23.

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.

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