Inspire Investing LLC Acquires 9,407 Shares of Amphenol Co. (NYSE:APH)

Inspire Investing LLC increased its holdings in shares of Amphenol Co. (NYSE:APH) by 6.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,514 shares of the electronics maker’s stock after acquiring an additional 9,407 shares during the period. Amphenol makes up about 1.2% of Inspire Investing LLC’s portfolio, making the stock its 8th largest holding. Inspire Investing LLC’s holdings in Amphenol were worth $10,731,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after buying an additional 5,293,292 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after buying an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Amphenol in the 3rd quarter worth about $113,828,000. State Street Corp boosted its holdings in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in Amphenol by 136.5% in the 2nd quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker’s stock worth $161,207,000 after buying an additional 1,480,331 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird raised their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.79.

Amphenol Stock Up 7.0 %

Shares of NYSE APH opened at $77.84 on Thursday. The firm has a market cap of $93.84 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.98 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 52-week low of $48.52 and a 52-week high of $78.25. The business’s 50 day moving average is $71.86 and its two-hundred day moving average is $67.86.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4,051,810 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Research analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.85%. Amphenol’s payout ratio is currently 37.93%.

Amphenol 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.