Natixis Advisors LLC Has $186.97 Million Stake in Amphenol Corporation (NYSE:APH)

Key Points

• Natixis Advisors LLC increased its stake in Amphenol Corporation by 0.2%, owning approximately 2.85 million shares valued at $186.97 million.
• Amphenol recently reported quarterly earnings of $0.81 EPS, exceeding analysts' estimates, with revenues of $5.65 billion, reflecting a 56.5% year-over-year increase.
• Multiple analysts have adjusted price targets for Amphenol, with JPMorgan Chase raising it from $120.00 to $125.00, maintaining an "overweight" rating.

Natixis Advisors LLC lifted its position in Amphenol Corporation (NYSE:APH - Free Report) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,850,552 shares of the electronics maker's stock after purchasing an additional 5,622 shares during the quarter. Natixis Advisors LLC owned 0.24% of Amphenol worth $186,968,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APH. Brighton Jones LLC raised its stake in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares during the period. New Age Alpha Advisors LLC bought a new stake in Amphenol in the fourth quarter valued at $1,086,000. Brown Brothers Harriman & Co. grew its position in Amphenol by 131.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,154 shares of the electronics maker's stock valued at $80,000 after acquiring an additional 656 shares during the period. Finally, RWA Wealth Partners LLC grew its position in Amphenol by 9.8% in the fourth quarter. RWA Wealth Partners LLC now owns 20,217 shares of the electronics maker's stock valued at $1,404,000 after acquiring an additional 1,798 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of APH stock traded down $2.22 during trading hours on Friday, hitting $104.29. 8,736,054 shares of the company's stock were exchanged, compared to its average volume of 8,870,272. The stock's 50-day moving average is $96.62 and its 200-day moving average is $79.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The stock has a market cap of $127.33 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last issued 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. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company 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 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 is 26.29%.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 286,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider directly owned 451,790 shares in the company, valued at $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 sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on APH. Robert W. Baird upped their price target on Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. KGI Securities began coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, Citigroup upped their price target on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price 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.