Ashton Thomas Private Wealth LLC Purchases Shares of 1,437 Amphenol Co. (NYSE:APH)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Amphenol Co. (NYSE:APH) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,437 shares of the electronics maker’s stock, valued at approximately $97,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Amphenol by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 4,015,628 shares of the electronics maker’s stock worth $398,069,000 after acquiring an additional 20,521 shares in the last quarter. Balentine LLC raised its position in shares of Amphenol by 20.0% in the 4th quarter. Balentine LLC now owns 20,920 shares of the electronics maker’s stock worth $2,074,000 after acquiring an additional 3,492 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Amphenol by 204.8% in the 2nd quarter. Private Advisor Group LLC now owns 37,124 shares of the electronics maker’s stock worth $2,501,000 after acquiring an additional 24,946 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Amphenol in the 4th quarter worth approximately $263,000. Finally, Ballentine Partners LLC raised its position in shares of Amphenol by 111.3% in the 2nd quarter. Ballentine Partners LLC now owns 26,502 shares of the electronics maker’s stock worth $1,785,000 after acquiring an additional 13,961 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Seaport Res Ptn upgraded Amphenol to a “strong-buy” rating in a research note on Monday, May 20th. Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Citigroup upped their price target on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, TD Cowen upped their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $65.04.

Amphenol Stock Performance

Shares of APH opened at $63.58 on Friday. The business’s fifty day simple moving average is $64.61 and its two-hundred day simple moving average is $62.70. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The company has a market cap of $76.57 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 2.45 and a beta of 1.24.

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

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a $0.165 dividend. 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 26.91%.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Luc Walter sold 106,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by company insiders.

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.