Avantax Advisory Services Inc. Grows Stake in Amphenol Co. (NYSE:APH)

Avantax Advisory Services Inc. increased its stake in Amphenol Co. (NYSE:APH – Get Rating) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,191 shares of the electronics maker’s stock after acquiring an additional 501 shares during the period. Avantax Advisory Services Inc.’s holdings in Amphenol were worth $749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. MV Capital Management Inc. boosted its position in shares of Amphenol by 112.6% during the second quarter. MV Capital Management Inc. now owns 406 shares of the electronics maker’s stock valued at $26,000 after buying an additional 215 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Amphenol by 497.2% during the first quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock valued at $48,000 after buying an additional 527 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Amphenol by 3,875.0% during the third quarter. Benjamin Edwards Inc. now owns 795 shares of the electronics maker’s stock valued at $53,000 after buying an additional 775 shares during the period. Ellevest Inc. boosted its position in shares of Amphenol by 46.8% during the second quarter. Ellevest Inc. now owns 834 shares of the electronics maker’s stock valued at $54,000 after buying an additional 266 shares during the period. Finally, CX Institutional purchased a new position in shares of Amphenol during the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group lowered Amphenol from a “buy” rating to a “hold” rating and boosted their target price for the company from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. StockNews.com lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Credit Suisse Group assumed coverage on shares of Amphenol in a research note on Monday, December 12th. They set an “outperform” rating and a $93.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.40.

Amphenol Stock Performance

Shares of NYSE:APH opened at $78.07 on Monday. The company has a market capitalization of $46.46 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $82.86. The company has a quick ratio of 1.60, a current ratio of 2.38 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $78.57 and a 200 day moving average of $74.88.

Amphenol (NYSE:APH – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.11 billion. Amphenol had a net margin of 14.98% and a return on equity of 28.02%. Amphenol’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 2.97 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Tuesday, December 20th were paid a $0.21 dividend. This is an increase from Amphenol’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.84 dividend on an annualized basis and a yield of 1.08%. Amphenol’s payout ratio is 28.19%.

Insider Buying and Selling

In related news, insider William J. Doherty sold 127,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $79.82, for a total value of $10,137,140.00. Following the completion of the transaction, the insider now owns 204,412 shares of the company’s stock, valued at $16,316,165.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider William J. Doherty sold 127,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $79.82, for a total transaction of $10,137,140.00. Following the transaction, the insider now directly owns 204,412 shares of the company’s stock, valued at $16,316,165.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David M. Silverman sold 75,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $80.02, for a total value of $6,001,500.00. Following the transaction, the vice president now directly owns 7,000 shares in the company, valued at $560,140. The disclosure for this sale can be found here. Insiders sold 242,000 shares of company stock valued at $19,290,240 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Amphenol Company Profile

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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.