New Age Alpha Advisors LLC Raises Position in Amphenol Corporation (NYSE:APH)

Key Points

• New Age Alpha Advisors LLC increased its stock position in Amphenol Corporation by 424.2%, acquiring an additional 66,325 shares, bringing their total to 81,961 shares valued at approximately $5.38 million.
• Amphenol's stock is currently rated with a consensus of "Moderate Buy" among analysts, with a target price averaging $102.23.
• Insiders have recently sold a total of 586,000 shares of Amphenol, with one insider decreasing their holdings by 38.76% through a sale of 286,000 shares for over $26 million.

New Age Alpha Advisors LLC grew its stake in Amphenol Corporation (NYSE:APH - Free Report) by 424.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,961 shares of the electronics maker's stock after purchasing an additional 66,325 shares during the period. New Age Alpha Advisors LLC's holdings in Amphenol were worth $5,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Forum Financial Management LP lifted its holdings in Amphenol by 1.9% during the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after buying an additional 126 shares in the last quarter. FourThought Financial Partners LLC grew its position in shares of Amphenol by 4.1% in the 1st 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. Gallacher Capital Management LLC boosted its stake in Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 shares during the period. Adell Harriman & Carpenter Inc. boosted its position in Amphenol by 2.5% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after acquiring an additional 143 shares during the last quarter. Finally, Fullcircle Wealth LLC grew its holdings in shares of Amphenol by 1.3% in the 1st quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on APH. Citigroup lifted their price target on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. UBS Group upped 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. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.92.

Amphenol Trading Up 1.3%

NYSE APH traded up $1.46 on Friday, hitting $110.01. The company's stock had a trading volume of 5,052,387 shares, compared to its average volume of 8,531,813. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $110.60. The firm has a market cap of $134.31 billion, a P/E ratio of 43.83, a PEG ratio of 1.78 and a beta of 1.13. The company's 50-day simple moving average is $98.66 and its 200 day simple moving average is $80.69.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol's revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors 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%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Insider Buying and Selling at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the 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 sale, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock valued at $52,935,980 in 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.