Prescott Group Capital Management L.L.C. Purchases Shares of 11,750 Amphenol Co. (NYSE:APH)

Prescott Group Capital Management L.L.C. purchased a new stake in shares of Amphenol Co. (NYSE:APHFree Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 11,750 shares of the electronics maker’s stock, valued at approximately $987,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its holdings in Amphenol by 6.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,217 shares of the electronics maker’s stock valued at $186,000 after purchasing an additional 126 shares in the last quarter. Welch & Forbes LLC increased its holdings in Amphenol by 1.5% in the 3rd quarter. Welch & Forbes LLC now owns 8,773 shares of the electronics maker’s stock valued at $737,000 after purchasing an additional 126 shares in the last quarter. Greenleaf Trust increased its holdings in Amphenol by 0.4% in the 3rd quarter. Greenleaf Trust now owns 29,555 shares of the electronics maker’s stock valued at $2,482,000 after purchasing an additional 128 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Amphenol by 4.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,055 shares of the electronics maker’s stock valued at $257,000 after purchasing an additional 130 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in Amphenol by 1.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 7,626 shares of the electronics maker’s stock valued at $648,000 after purchasing an additional 136 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup assumed coverage on Amphenol in a research note on Friday, January 5th. They set a “buy” rating and a $117.00 target price for the company. Stifel Nicolaus raised their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Truist Financial raised their target price on Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Robert W. Baird increased their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.11.

Get Our Latest Stock Analysis on APH

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 285,000 shares of company stock worth $29,633,250. 2.22% of the stock is owned by insiders.

Amphenol Price Performance

Shares of NYSE APH traded up $1.02 during mid-day trading on Friday, reaching $107.47. 1,995,424 shares of the company traded hands, compared to its average volume of 2,231,038. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $107.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The firm has a market cap of $64.47 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The stock has a fifty day simple moving average of $100.28 and a 200-day simple moving average of $91.26.

Amphenol (NYSE:APHGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. Equities research analysts anticipate that Amphenol Co. will post 3.26 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.82%. Amphenol’s dividend payout ratio (DPR) is 28.30%.

Amphenol Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APHFree Report).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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