Valley Wealth Managers Inc. Invests $586,000 in Amphenol Corporation (NYSE:APH)

Key Points

• Valley Wealth Managers Inc. acquired a new position in Amphenol Corporation, purchasing 8,927 shares valued at approximately $586,000.
• Amphenol reported a 56.5% increase in quarterly revenue year-over-year, reaching $5.65 billion, significantly exceeding analysts' expectations.
• The company declared a quarterly dividend of $0.165 per share, with a payout ratio of 26.29% and an annualized dividend yield of 0.63%.

Valley Wealth Managers Inc. purchased a new stake in Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,927 shares of the electronics maker's stock, valued at approximately $586,000.

A number of other large investors have also recently bought and sold shares of the stock. Perigon Wealth Management LLC increased its holdings in shares of Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after acquiring an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Amphenol during the 4th quarter worth approximately $13,847,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Amphenol by 46.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after acquiring an additional 22,293 shares during the period. Transcend Capital Advisors LLC boosted its stake in shares of Amphenol by 14.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after acquiring an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Amphenol by 4.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after acquiring an additional 2,514 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APH. UBS Group boosted their price target on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. KGI Securities began coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, Evercore ISI increased their price target on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $102.23.

Amphenol Price Performance

Shares of APH traded down $0.18 during mid-day trading on Wednesday, hitting $105.13. 2,860,981 shares of the company were exchanged, compared to its average volume of 8,492,795. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $108.85. 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 company has a 50 day moving average of $95.80 and a 200-day moving average of $78.94. The stock has a market cap of $128.36 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly 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. The business had revenue of $5.65 billion during 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 revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of Amphenol 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 completion of the transaction, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 directly owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,500 shares of company stock valued at $70,053,885. Company insiders own 1.67% of the company's stock.

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.