Nicholson Wealth Management Group LLC Invests $365,000 in 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 bought a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,561 shares of the electronics maker's stock, valued at approximately $365,000.

Several other large investors have also recently made changes to their positions in APH. Vanguard Group Inc. increased its holdings in Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the last quarter. Northern Trust Corp increased its position in shares of Amphenol by 14.9% during the fourth quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock worth $907,420,000 after purchasing an additional 1,689,632 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Amphenol by 40.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,732,690 shares of the electronics maker's stock valued at $507,187,000 after purchasing an additional 2,211,338 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction 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 owned 152,412 shares of the company's stock, 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 sold a total of 586,000 shares of company stock worth $52,935,980 over the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Trading Up 1.3%

Shares of APH traded up $1.46 during midday trading on Friday, hitting $110.01. 5,052,387 shares of the stock were exchanged, compared to its average volume of 9,351,925. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $110.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The stock has a fifty day simple moving average of $99.07 and a 200 day simple moving average of $80.97. The firm has a market cap of $134.31 billion, a P/E ratio of 43.83, a P/E/G ratio of 1.79 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. Amphenol's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. On average, research analysts anticipate 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. Stockholders of record on Tuesday, September 16th will be given 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 currently 26.29%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on APH shares. UBS Group lifted their target price on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Truist Financial boosted their price target on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citigroup raised their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, KGI Securities initiated coverage on shares of 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 assigned a buy rating to the stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Amphenol Company 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.