Harel Insurance Investments & Financial Services Ltd. Invests $76,000 in Amphenol Co. (NYSE:APH)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 1,088 shares of the electronics maker’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in shares of Amphenol by 68.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 54,965 shares of the electronics maker’s stock valued at $3,817,000 after purchasing an additional 22,386 shares during the period. Berbice Capital Management LLC acquired a new stake in Amphenol during the 4th quarter valued at $83,000. Private Capital Advisors Inc. purchased a new stake in Amphenol during the 4th quarter worth $16,596,000. Cornerstone Wealth Management LLC boosted its position in Amphenol by 2.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 7,592 shares of the electronics maker’s stock valued at $527,000 after buying an additional 200 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after buying an additional 9,390 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on APH shares. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Price Performance

APH opened at $77.10 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $72.12 and its 200 day moving average price is $68.00. Amphenol Co. has a fifty-two week low of $49.38 and a fifty-two week high of $79.39. The firm has a market cap of $92.95 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. During the same period in the prior year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Co. will post 2.17 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Amphenol’s dividend payout ratio is currently 34.55%.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. Company insiders own 1.80% 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.