Mount Yale Investment Advisors LLC Acquires 12,648 Shares of Amphenol Co. (NYSE:APH)

Mount Yale Investment Advisors LLC increased its stake in Amphenol Co. (NYSE:APH) by 85.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,517 shares of the electronics maker’s stock after buying an additional 12,648 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Amphenol were worth $1,854,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC grew its holdings in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC increased 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 valued at $25,000 after buying an additional 188 shares during the period. Sachetta LLC raised its stake in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Amphenol during the second quarter worth $29,000. Finally, New Millennium Group LLC bought a new stake in Amphenol during the 2nd quarter valued at $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of APH opened at $65.91 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The stock has a 50-day moving average of $64.13 and a two-hundred day moving average of $63.08. The stock has a market cap of $79.17 billion, a P/E ratio of 40.44, a P/E/G ratio of 2.45 and a beta of 1.24. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping 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 firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

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

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,703,339. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 170,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the sale, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last 90 days. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. TD Cowen boosted their target price on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Truist Financial raised their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, Robert W. Baird lowered their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.04.

About Amphenol

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.