Alpha DNA Investment Management LLC Grows Stake in Amphenol Co. (NYSE:APH)

Alpha DNA Investment Management LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,362 shares of the electronics maker’s stock after acquiring an additional 880 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Amphenol were worth $806,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after buying an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Amphenol by 88.9% in the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares during the period. Legal & General Group Plc boosted its stake in shares of Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Amphenol by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after acquiring an additional 63,180 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent research reports. Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Price Performance

APH stock opened at $74.29 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The company’s fifty day moving average price is $67.65 and its 200-day moving average price is $66.38. Amphenol Co. has a one year low of $44.81 and a one year high of $74.70. The company has a market capitalization of $89.56 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. On average, equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Insiders Place Their Bets

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. 1.80% of the stock is currently owned by insiders.

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.