Sivia Capital Partners LLC Raises Holdings in Amphenol Co. (NYSE:APH)

Sivia Capital Partners LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 61.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,127 shares of the electronics maker’s stock after purchasing an additional 3,108 shares during the quarter. Sivia Capital Partners LLC’s holdings in Amphenol were worth $533,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tacita Capital Inc increased its holdings in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the 4th quarter valued at about $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Amphenol in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Up 1.0%

Amphenol stock opened at $93.42 on Friday. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $93.68. The stock has a 50 day moving average of $77.23 and a two-hundred day moving average of $72.25. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $113.00 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. As a group, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is currently 32.04%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI increased their price objective on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. UBS Group upped their target price on Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Citigroup upped their target price on Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Finally, Robert W. Baird upped their target price on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

Amphenol Company Profile

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.