Amphenol Corporation (NYSE:APH) is Noesis Capital Mangement Corp's 5th Largest Position

Noesis Capital Mangement Corp increased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,575 shares of the electronics maker's stock after buying an additional 6,813 shares during the period. Amphenol comprises about 4.5% of Noesis Capital Mangement Corp's holdings, making the stock its 5th largest position. Noesis Capital Mangement Corp's holdings in Amphenol were worth $22,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Forum Financial Management LP increased its stake in shares of Amphenol by 1.9% during the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after acquiring an additional 126 shares during the last quarter. Gallacher Capital Management LLC boosted its holdings 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 acquiring an additional 142 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in Amphenol by 2.5% in 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 period. Fullcircle Wealth LLC boosted its holdings in Amphenol by 1.3% in the 1st quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after acquiring an additional 151 shares during the period. Finally, Values First Advisors Inc. boosted its holdings in Amphenol by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock worth $1,895,000 after acquiring an additional 157 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of APH traded up $0.50 during trading hours on Friday, reaching $104.96. 7,303,018 shares of the company's stock traded hands, compared to its average volume of 8,704,418. The firm has a market capitalization of $126.96 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.06 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 1.36. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $108.85. The business's fifty day simple moving average is $95.00 and its two-hundred day simple moving average is $78.46.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share 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 during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company's quarterly revenue was up 56.5% on a year-over-year basis. Analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.63%. Amphenol's dividend payout ratio is currently 26.29%.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 286,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value 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. This trade represents a 38.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 799,500 shares of company stock worth $70,053,885. Corporate insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday. KGI Securities assumed coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. Industrial Alliance Securities set a $115.00 price target on Amphenol in a research report on Friday, July 11th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. Finally, Truist Financial increased their target price on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average 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.