MJP Associates Inc. ADV Raises Position in Amphenol Co. (NYSE:APH)

MJP Associates Inc. ADV increased its stake in shares of Amphenol Co. (NYSE:APH) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,324 shares of the electronics maker’s stock after acquiring an additional 166 shares during the period. MJP Associates Inc. ADV’s holdings in Amphenol were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of APH. Tacita Capital Inc raised its position in shares of 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 buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. boosted its stake in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. 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 400,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 in the last quarter. Insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

APH stock opened at $80.78 on Monday. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $84.70. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $68.09 and a 200-day moving average of $69.84. The firm has a market cap of $97.71 billion, a PE ratio of 42.18, a P/E/G ratio of 1.92 and a beta of 1.10.

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 the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue was up 47.7% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analysts Forecast Growth

APH has been the topic of several research analyst reports. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. 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. 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. UBS Group restated a “buy” rating and issued a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $81.62.

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.