9,032 Shares in Amphenol Corporation (NYSE:APH) Purchased by Topsail Wealth Management LLC

Topsail Wealth Management LLC purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,032 shares of the electronics maker's stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the period. OFI Invest Asset Management bought a new position in Amphenol in the 4th quarter worth $44,000. Global X Japan Co. Ltd. bought a new position in Amphenol in the 1st quarter worth $44,000. Coppell Advisory Solutions LLC bought a new position in Amphenol in the 4th quarter worth $48,000. Finally, West Branch Capital LLC bought a new position in Amphenol in the 1st quarter worth $57,000. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APH has been the topic of a number of recent research reports. UBS Group raised their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. 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 report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Evercore ISI raised their target price on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Finally, Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $89.15.

Insider Activity

In related news, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the transaction, the vice president owned 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider owned 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by corporate insiders.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.43 during trading on Friday, reaching $98.74. 6,716,903 shares of the stock traded hands, compared to its average volume of 7,691,952. The company has a market capitalization of $119.44 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 2.26 and a beta of 1.13. The business has a fifty day simple moving average of $91.20 and a two-hundred day simple moving average of $76.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.99.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. Sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Amphenol's payout ratio is 32.04%.

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.