GHP Investment Advisors Inc. Purchases 24,881 Shares of Amphenol Co. (NYSE:APH)

GHP Investment Advisors Inc. boosted its position in Amphenol Co. (NYSE:APH) by 46.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 78,128 shares of the electronics maker’s stock after buying an additional 24,881 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Amphenol were worth $5,263,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new position in Amphenol in the fourth quarter valued at about $29,000. Beacon Capital Management LLC boosted its holdings in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC boosted its holdings in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Amphenol during the second quarter worth about $29,000. Finally, Sachetta LLC boosted its holdings in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Seaport Res Ptn upgraded Amphenol to a “strong-buy” rating in a report on Monday, May 20th. TD Cowen raised 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. UBS Group raised their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Evercore ISI restated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Robert W. Baird cut their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Six equities 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is owned by insiders.

Amphenol Stock Up 0.2 %

Shares of Amphenol stock opened at $63.58 on Friday. The business’s 50 day simple moving average is $64.61 and its 200 day simple moving average is $62.64. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The firm has a market cap of $76.57 billion, a PE ratio of 38.89, a P/E/G ratio of 2.45 and a beta of 1.24. 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 announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm earned $0.72 EPS. Amphenol’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is presently 26.91%.

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.