MGO One Seven LLC Buys 3,550 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• MGO One Seven LLC increased its holdings in Amphenol Corporation by 10.3% during the 1st quarter, owning a total of 37,914 shares valued at approximately $2.49 million.
• Amphenol reported earnings of $0.81 per share, surpassing estimates and showing a 56.5% increase in revenue compared to the previous year.
• The company also declared a quarterly dividend of $0.165 per share, representing an annualized dividend yield of 0.6%.

MGO One Seven LLC grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,914 shares of the electronics maker's stock after buying an additional 3,550 shares during the quarter. MGO One Seven LLC's holdings in Amphenol were worth $2,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Bank of America Corp DE lifted its position 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 worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Northern Trust Corp lifted its position in Amphenol by 14.9% during the 4th quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock valued at $907,420,000 after acquiring an additional 1,689,632 shares during the period. Finally, Invesco Ltd. lifted its position in Amphenol by 1.2% during the 4th quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker's stock valued at $629,073,000 after acquiring an additional 107,482 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Luc Walter sold 286,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were 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 in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock worth $52,935,980 over the last three months. 1.67% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on APH. UBS Group lifted 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. Robert W. Baird raised their price objective on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Evercore ISI lifted their price target on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Price Performance

Shares of APH stock traded down $2.22 on Friday, hitting $104.29. 8,736,054 shares of the stock traded hands, compared to its average volume of 8,870,272. The firm has a market cap of $127.33 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 1.74 and a beta of 1.13. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $108.85. The firm has a 50 day simple moving average of $96.99 and a two-hundred day simple moving average of $79.68. 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 (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. Amphenol's revenue for the quarter was up 56.5% on a year-over-year basis. As a group, equities research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.