Wealthfront Advisers LLC increased its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 3.8% in the third quarter, Holdings Channel reports. The firm owned 160,672 shares of the electronics maker’s stock after buying an additional 5,808 shares during the quarter. Wealthfront Advisers LLC’s holdings in Amphenol were worth $19,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the business. Financial Management Professionals Inc. boosted its stake in shares of Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after buying an additional 90 shares during the period. Riggs Asset Managment Co. Inc. lifted its position in Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Amphenol in the 2nd quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new position in shares of Amphenol in the third quarter valued at approximately $30,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Amphenol during the second quarter worth approximately $31,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Up 0.0%
APH stock opened at $144.21 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $141.42 and its 200 day moving average price is $129.48. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $167.04. The company has a market cap of $176.52 billion, a P/E ratio of 43.18, a P/E/G ratio of 1.52 and a beta of 1.20.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s dividend payout ratio is 29.94%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. US Capital Advisors set a $165.00 price objective on shares of Amphenol in a research note on Friday, January 9th. Evercore reiterated an “outperform” rating and set a $165.00 price target on shares of Amphenol in a research note on Tuesday, January 20th. The Goldman Sachs Group reissued a “buy” rating and set a $183.00 price target on shares of Amphenol in a report on Thursday, January 15th. Citigroup lifted their price objective on Amphenol from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, UBS Group reissued a “buy” rating and set a $174.00 target price (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.38.
Read Our Latest Stock Report on Amphenol
Insider Buying and Selling at Amphenol
In other news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total transaction of $11,360,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.67% of the stock is currently owned by corporate insiders.
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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