Opes Wealth Management LLC Makes New $668,000 Investment in Amphenol Corporation (NYSE:APH)

Opes Wealth Management LLC purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,189 shares of the electronics maker's stock, valued at approximately $668,000.

A number of other large investors have also added to or reduced their stakes in APH. Norges Bank bought a new stake in Amphenol in the 4th quarter worth approximately $1,378,794,000. Bank of America Corp DE boosted its stake in shares of Amphenol by 294.0% during the 4th 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. Price T Rowe Associates Inc. MD boosted its stake in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after acquiring an additional 3,933,269 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APH. TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Citigroup lifted their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $102.23.

Insider Buying and Selling at Amphenol

In related news, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction dated 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 transaction, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the company's 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 799,500 shares of company stock valued at $70,053,885. Corporate insiders own 1.67% of the company's stock.

Amphenol Price Performance

APH stock traded up $0.50 during mid-day trading on Friday, hitting $104.96. The company had a trading volume of 7,303,018 shares, compared to its average volume of 8,704,418. The company 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. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $95.00 and a 200 day moving average price of $78.46.

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

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

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.