Chicago Partners Investment Group LLC Acquires New Position in Amphenol Corporation (NYSE:APH)

Chicago Partners Investment Group LLC acquired a new stake in shares of Amphenol Corporation (NYSE:APH) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,776 shares of the electronics maker’s stock, valued at approximately $182,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in Amphenol during the 1st quarter valued at about $25,000. Avalon Trust Co lifted its holdings in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after buying an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Amphenol during the 1st quarter valued at about $28,000. Global X Japan Co. Ltd. bought a new stake in Amphenol during the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Amphenol during the 4th quarter valued at about $48,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 1.7%

Shares of Amphenol stock opened at $111.66 on Wednesday. The firm’s 50 day moving average price is $99.86 and its 200-day moving average price is $81.43. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $111.87. The company has a market cap of $136.33 billion, a P/E ratio of 44.49, a PEG ratio of 1.79 and a beta of 1.13.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, sell-side analysts predict 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 will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is 26.29%.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president owned 152,412 shares of the company’s stock, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 812,000 shares of company stock valued at $77,703,320 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

APH has been the subject of a number of research analyst reports. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a report on Friday, July 11th. KGI Securities initiated coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a “hold” rating on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Amphenol in a research report on Friday, July 11th. Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amphenol from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.92.

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.