Amphenol Co. (NYSE:APH) Stake Boosted by Clear Street Markets LLC

May 07, 2023

Clear Street Markets LLC grew its holdings in shares of Amphenol Co. (NYSE:APH - Get Rating) by 1,540.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,544 shares of the electronics maker's stock after purchasing an additional 4,267 shares during the period. Clear Street Markets LLC's holdings in Amphenol were worth $346,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Amphenol by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,036,758 shares of the electronics maker's stock valued at $231,219,000 after buying an additional 77,975 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Amphenol by 5.8% in the 4th quarter. Deutsche Bank AG now owns 1,552,982 shares of the electronics maker's stock worth $118,244,000 after acquiring an additional 84,840 shares during the period. Johnson Financial Group Inc. boosted its stake in Amphenol by 22.3% during the 4th quarter. Johnson Financial Group Inc. now owns 3,210 shares of the electronics maker's stock valued at $244,000 after purchasing an additional 586 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Amphenol by 10.5% during the fourth quarter. Baird Financial Group Inc. now owns 128,385 shares of the electronics maker's stock valued at $9,775,000 after buying an additional 12,174 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in Amphenol by 20.9% in the 4th quarter. Epoch Investment Partners Inc. now owns 125,668 shares of the electronics maker's stock worth $9,568,000 after buying an additional 21,717 shares in the last quarter. Institutional investors own 94.01% of the company's stock.

In other news, insider Jean-Luc Gavelle sold 184,100 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $74.67, for a total transaction of $13,746,747.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.22% of the company's stock.

Amphenol stock traded down $0.43 during mid-day trading on Thursday, hitting $78.33. 270,058 shares of the company's stock were exchanged, compared to its average volume of 2,702,162. The company has a current ratio of 2.64, a quick ratio of 1.77 and a debt-to-equity ratio of 0.62. The stock has a market cap of $46.63 billion, a P/E ratio of 25.49, a P/E/G ratio of 3.19 and a beta of 1.23. The stock has a 50 day moving average of $76.66 and a two-hundred day moving average of $78.01. Amphenol Co. has a 1-year low of $61.67 and a 1-year high of $82.86.

Amphenol (NYSE:APH - Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.02. Amphenol had a return on equity of 27.10% and a net margin of 15.15%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts anticipate that Amphenol Co. will post 2.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Tuesday, June 20th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 16th. Amphenol's dividend payout ratio (DPR) is presently 27.18%.

A number of equities research analysts have weighed in on APH shares. Robert W. Baird cut their target price on Amphenol from $91.00 to $87.00 in a research report on Thursday, April 27th. Credit Suisse Group lowered shares of Amphenol from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $91.00 to $77.00 in a research report on Thursday, May 18th. Finally, StockNews.com initiated coverage on shares of Amphenol in a research report on Thursday, May 18th. They set a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $84.75.

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Amphenol, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amphenol wasn't on the list.

While Amphenol currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.