SOA Wealth Advisors LLC. Invests $815,000 in Amphenol Co. (NYSE:APH)

SOA Wealth Advisors LLC. acquired a new position in Amphenol Co. (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. The firm acquired 12,421 shares of the electronics maker's stock, valued at approximately $815,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Tacita Capital Inc grew its stake in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new stake in Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Amphenol in the 4th quarter worth approximately $44,000. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on APH shares. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. The Goldman Sachs Group boosted their target price on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group increased their price target on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Evercore ISI increased their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.31.

Amphenol Trading Down 0.4%

Shares of Amphenol stock traded down $0.41 on Monday, reaching $92.95. The company had a trading volume of 7,701,672 shares, compared to its average volume of 7,484,168. The firm has a market cap of $112.43 billion, a price-to-earnings ratio of 48.54, a P/E/G ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm's 50-day moving average price is $77.23 and its two-hundred day moving average price is $72.25. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $94.14.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. As a group, research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Company 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.