Frank Rimerman Advisors LLC Buys 14,441 Shares of Amphenol Co. (NYSE:APH)

Frank Rimerman Advisors LLC raised its stake in Amphenol Co. (NYSE:APH) by 80,227.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,459 shares of the electronics maker’s stock after purchasing an additional 14,441 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Amphenol were worth $974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its stake in shares of Amphenol by 121.2% during the second 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 during the period. New England Capital Financial Advisors LLC increased its stake in shares of Amphenol by 100.0% during the second 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 during the period. Sachetta LLC increased its stake in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol during the second quarter valued at approximately $29,000. Finally, New Millennium Group LLC purchased a new position in shares of Amphenol during the second quarter valued at approximately $31,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amphenol news, insider Luc Walter sold 106,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Trading Up 0.9 %

Amphenol stock opened at $65.91 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $64.13 and its two-hundred day simple moving average is $63.08. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly 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. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, equities analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APH shares. Truist Financial upped their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. UBS Group upped their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Vertical Research started coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Robert W. Baird reduced their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen upped their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.04.

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.