Prospera Financial Services Inc lowered its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,202 shares of the electronics maker’s stock after selling 12,379 shares during the quarter. Prospera Financial Services Inc’s holdings in Amphenol were worth $8,001,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Riggs Asset Managment Co. Inc. raised its position in Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Tucker Asset Management LLC purchased a new stake in Amphenol in the fourth quarter valued at $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol in the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. purchased a new stake in Amphenol in the fourth quarter valued at $29,000. Finally, Towne Trust Company N.A purchased a new stake in Amphenol in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Stock Up 0.2%
Amphenol stock opened at $132.31 on Monday. Amphenol Corporation has a 1-year low of $83.44 and a 1-year high of $167.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The stock has a market cap of $162.77 billion, a PE ratio of 38.02, a P/E/G ratio of 1.16 and a beta of 1.29. The stock’s fifty day moving average is $134.48 and its two-hundred day moving average is $138.61.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s payout ratio is 28.74%.
Insider Activity at Amphenol
In other news, CEO Richard Adam Norwitt sold 17,500 shares of Amphenol stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 130,775 shares of company stock worth $18,709,350 in the last 90 days. 1.42% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
APH has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Piper Sandler set a $165.00 target price on Amphenol in a research note on Tuesday, March 17th. Jefferies Financial Group increased their target price on Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Evercore boosted their price target on shares of Amphenol from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.53.
Read Our Latest Research Report on Amphenol
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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