Oppenheimer & Co. Inc. Has $3.59 Million Stock Position in Amphenol Co. (NYSE:APH)

Oppenheimer & Co. Inc. lifted its position in Amphenol Co. (NYSE:APH) by 99.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,244 shares of the electronics maker’s stock after buying an additional 26,599 shares during the period. Oppenheimer & Co. Inc.’s holdings in Amphenol were worth $3,587,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Beacon Capital Management LLC increased its position in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC increased its position in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 188 shares in the last quarter. Sachetta LLC increased its position in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Amphenol in the 4th quarter valued at $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Amphenol in the 2nd quarter valued at $29,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on APH shares. Vertical Research started coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Bank of America cut Amphenol from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $71.00 in a report on Wednesday, September 4th. Truist Financial increased their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, TD Cowen increased their target price on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Trading Up 0.2 %

Shares of NYSE:APH opened at $63.58 on Monday. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The company has a market capitalization of $76.57 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a 50-day simple moving average of $64.61 and a 200 day simple moving average of $62.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the business posted $0.72 EPS. Amphenol’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luc Walter sold 106,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,743,640.10. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 over the last three months. Insiders own 1.80% of the company’s stock.

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.