Ibex Wealth Advisors bought a new stake in shares of Amphenol Corporation (NYSE:APH – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 61,414 shares of the electronics maker’s stock, valued at approximately $7,760,000.
Other hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC lifted its holdings in Amphenol by 163.8% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of Amphenol in the 4th quarter worth approximately $26,000. Board of the Pension Protection Fund bought a new stake in shares of Amphenol in the 4th quarter worth approximately $27,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Amphenol during the first quarter valued at approximately $27,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Stock Up 2.5%
Shares of NYSE:APH opened at $162.16 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The company has a market cap of $199.50 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. Amphenol Corporation has a 52 week low of $95.19 and a 52 week high of $178.52. The firm has a 50 day simple moving average of $147.78 and a 200 day simple moving average of $143.27.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s payout ratio is currently 28.74%.
Insider Buying and Selling at Amphenol
In related news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 130,775 shares of company stock worth $18,709,350 in the last quarter. Insiders own 1.42% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research lowered Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. UBS Group restated a “buy” rating and issued a $185.00 target price (up from $178.00) on shares of Amphenol in a report on Thursday. Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 target price on shares of Amphenol in a research report on Thursday, April 30th. Finally, Barclays reaffirmed an “overweight” rating and set a $198.00 target price on shares of Amphenol in a report on Monday, June 8th. Fourteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.87.
View Our Latest Stock Analysis on APH
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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