Amphenol Co. (NYSE:APH) Shares Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 159.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,117 shares of the electronics maker’s stock after buying an additional 5,606 shares during the period. Flagship Harbor Advisors LLC’s holdings in Amphenol were worth $633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its holdings in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Core Alternative Capital raised its holdings in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after buying an additional 231 shares during the period. Brown Brothers Harriman & Co. lifted its position in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. Continuum Advisory LLC grew its stake in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares during the period. Finally, Sunbelt Securities Inc. increased its position in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $1,005,340. This represents a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 612,000 shares of company stock worth $44,177,640. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $67.49 on Tuesday. Amphenol Co. has a 1 year low of $49.97 and a 1 year high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37. The stock has a fifty day moving average price of $72.12 and a two-hundred day moving average price of $67.98. The firm has a market cap of $81.36 billion, a P/E ratio of 35.24, a PEG ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Amphenol’s revenue was up 29.8% compared to the same quarter last year. Research analysts forecast that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 34.46%.

Analysts Set New Price Targets

APH has been the topic of a number of recent research reports. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.68.

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.