Amphenol Corporation (NYSE:APH) Position Trimmed by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC trimmed its holdings in shares of Amphenol Corporation (NYSE:APH) by 4.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,199 shares of the electronics maker’s stock after selling 160 shares during the period. Mayfair Advisory Group LLC’s holdings in Amphenol were worth $210,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in APH. Raiffeisen Bank International AG purchased a new stake in shares of Amphenol in the 4th quarter valued at approximately $13,847,000. Revolve Wealth Partners LLC lifted its position in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after acquiring an additional 4,721 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Amphenol in the 4th quarter valued at approximately $60,000. New York State Common Retirement Fund lifted its position in shares of Amphenol by 3.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,916,741 shares of the electronics maker’s stock valued at $133,118,000 after acquiring an additional 71,737 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker’s stock valued at $4,061,000 after acquiring an additional 2,514 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Down 0.8%

APH stock opened at $92.68 on Wednesday. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $94.83. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The company has a market cap of $112.10 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 2.13 and a beta of 1.12. The company has a 50 day moving average of $81.51 and a two-hundred day moving average of $73.22.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. Amphenol’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. On average, equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol’s dividend payout ratio is currently 32.04%.

Analyst Ratings Changes

APH has been the subject of several research analyst reports. Robert W. Baird upped 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. The Goldman Sachs Group upped 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 Tuesday, June 10th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. TD Securities upped 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. Finally, UBS Group increased their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.