Nicholson Wealth Management Group LLC Buys Shares of 5,561 Amphenol Corporation (NYSE:APH)

Key Points

• Nicholson Wealth Management Group LLC acquired a new stake in Amphenol Corporation, purchasing 5,561 shares valued at approximately $365,000.
• Amphenol reported a 56.5% increase in quarterly revenue compared to the previous year, earning $5.65 billion and achieving an EPS of $0.81, exceeding analysts' estimates.
• The company declared a quarterly dividend of $0.165 per share, contributing to an annualized yield of 0.6% for shareholders.

Nicholson Wealth Management Group LLC purchased a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,561 shares of the electronics maker's stock, valued at approximately $365,000.

Other large investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its stake in Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Amphenol in the 4th quarter valued at $13,847,000. Cambridge Investment Research Advisors Inc. grew its holdings in Amphenol by 46.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after buying an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in Amphenol by 14.4% in the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after buying an additional 568 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

Shares of APH traded up $1.48 on Tuesday, hitting $111.29. The company's stock had a trading volume of 3,408,103 shares, compared to its average volume of 8,472,819. The company has a market capitalization of $135.88 billion, a PE ratio of 44.31, a PEG ratio of 1.79 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 fifty-two week low of $56.45 and a fifty-two week high of $111.26. The company has a 50 day moving average price of $99.46 and a 200 day moving average price of $81.21.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $5.01 billion. During the same quarter in the previous year, the company posted $0.44 EPS. Amphenol's revenue was up 56.5% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is currently 26.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. UBS Group raised their target price on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Robert W. Baird lifted their target price on Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, KGI Securities assumed coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.92.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 586,000 shares of company stock valued at $52,935,980. Corporate 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.