Amphenol Co. (NYSE:APH) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 41.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,496 shares of the electronics maker’s stock after buying an additional 3,941 shares during the quarter. MGO One Seven LLC’s holdings in Amphenol were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Amphenol by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after purchasing an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after buying an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amphenol by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock worth $3,601,694,000 after buying an additional 1,979,022 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amphenol in the 4th quarter valued at about $1,078,167,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Bank of America cut Amphenol from a “buy” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. TD Cowen boosted their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Citigroup increased their price objective on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, UBS Group boosted their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.04.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

Amphenol stock opened at $63.58 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market cap of $76.57 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.45 and a beta of 1.24. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The firm has a 50 day moving average price of $64.61 and a 200 day moving average price of $62.64.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts predict that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio is currently 26.91%.

About Amphenol

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.