Mufg Securities Americas Inc. Makes New Investment in Amphenol Co. (NYSE:APH)

Mufg Securities Americas Inc. bought a new position in Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,797 shares of the electronics maker’s stock, valued at approximately $1,236,000.

Other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc grew its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. grew its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol in the fourth quarter valued at approximately $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on APH shares. The Goldman Sachs Group lifted their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. Robert W. Baird lifted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Amphenol Stock Down 0.1%

Shares of NYSE:APH opened at $85.70 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $69.43 and a 200 day simple moving average of $70.16. The firm has a market cap of $103.66 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $86.80.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. Amphenol’s dividend payout ratio is currently 32.04%.

Insider Transactions at Amphenol

In related news, VP Lance E. D’amico sold 175,000 shares of the stock in a transaction dated Friday, April 25th. The shares were 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 now owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,178,500 shares of company stock worth $241,903,805. 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.