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Values First Advisors Inc. Invests $1.62 Million in Amphenol Co. (NYSE:APH)

Financial News Live · Sep 29, 2022 10:32

Values First Advisors Inc. acquired a new stake in shares of Amphenol Co. (NYSE:APH – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,165 shares of the electronics maker's stock, valued at approximately $1,620,000. Amphenol accounts for approximately 1.2% of Values First Advisors Inc.'s holdings, making the stock its 26th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. Monte Financial Group LLC acquired a new position in shares of Amphenol during the 2nd quarter valued at $609,000. Trust Co. of Vermont acquired a new position in shares of Amphenol during the 2nd quarter valued at $167,000. Segment Wealth Management LLC lifted its holdings in shares of Amphenol by 11.0% during the 2nd quarter. Segment Wealth Management LLC now owns 66,028 shares of the electronics maker's stock valued at $4,251,000 after acquiring an additional 6,532 shares in the last quarter. Stone Point Wealth LLC lifted its holdings in shares of Amphenol by 5.9% during the 2nd quarter. Stone Point Wealth LLC now owns 30,047 shares of the electronics maker's stock valued at $1,935,000 after acquiring an additional 1,680 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Amphenol by 7.3% during the 2nd quarter. TCW Group Inc. now owns 104,326 shares of the electronics maker's stock valued at $6,717,000 after acquiring an additional 7,057 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

APH has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Amphenol from a "neutral" rating to an "overweight" rating and set a $83.00 target price on the stock in a report on Thursday, July 14th. StockNews.com upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Friday, September 16th. Cowen cut their price objective on shares of Amphenol from $80.00 to $73.00 and set a "market perform" rating on the stock in a report on Friday, July 1st. The Goldman Sachs Group cut their price objective on shares of Amphenol from $87.00 to $83.00 in a report on Wednesday, June 1st. Finally, UBS Group boosted their price objective on shares of Amphenol from $88.00 to $93.00 and gave the stock a "buy" rating in a report on Tuesday, August 23rd. Three investment 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, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $83.44.

Insiders Place Their Bets

In other news, insider Jean-Luc Gavelle sold 122,000 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Jean-Luc Gavelle sold 122,000 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D'amico sold 20,000 shares of the company's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company's stock, valued at $1,977,101. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Amphenol Stock Performance

NYSE APH traded down $1.65 on Thursday, hitting $67.73. The stock had a trading volume of 7,804 shares, compared to its average volume of 1,939,405. Amphenol Co. has a one year low of $61.67 and a one year high of $88.45. The company has a quick ratio of 1.65, a current ratio of 2.45 and a debt-to-equity ratio of 0.74. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 2.02 and a beta of 1.25. The company's 50-day moving average is $74.73 and its two-hundred day moving average is $71.51.

Amphenol (NYSE:APH – Get Rating) last posted its earnings results on Wednesday, July 27th. The electronics maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Amphenol's quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 2.94 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Tuesday, September 20th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, September 19th. Amphenol's dividend payout ratio (DPR) is 27.97%.

About Amphenol

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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.