B. Riley Wealth Advisors Inc. Boosts Stake in Amphenol Co. (NYSE:APH)

Posted by Defense World Staff on Jun 17th, 2023

B. Riley Wealth Advisors Inc. boosted its stake in shares of Amphenol Co. (NYSE:APH – Get Rating) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,266 shares of the electronics maker’s stock after buying an additional 14,394 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Amphenol were worth $4,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. National Pension Service boosted its stake in Amphenol by 1.1% in the fourth quarter. National Pension Service now owns 1,050,249 shares of the electronics maker’s stock valued at $79,966,000 after acquiring an additional 11,542 shares in the last quarter. Ascent Group LLC boosted its position in shares of Amphenol by 16.0% in the 4th quarter. Ascent Group LLC now owns 4,693 shares of the electronics maker’s stock worth $357,000 after purchasing an additional 646 shares in the last quarter. Linden Thomas Advisory Services LLC purchased a new position in Amphenol during the 4th quarter worth $1,542,000. GHP Investment Advisors Inc. increased its position in Amphenol by 1.6% during the 4th quarter. GHP Investment Advisors Inc. now owns 45,288 shares of the electronics maker’s stock valued at $3,448,000 after buying an additional 730 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Amphenol by 4.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 365,600 shares of the electronics maker’s stock valued at $27,837,000 after buying an additional 15,040 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APH. Robert W. Baird reduced their target price on Amphenol from $91.00 to $87.00 in a research report on Thursday, April 27th. Credit Suisse Group lowered Amphenol from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $91.00 to $77.00 in a research report on Thursday, May 18th. Finally, StockNews.com started coverage on shares of Amphenol in a report on Thursday, May 18th. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.75.

Insider Buying and Selling at Amphenol

In other news, insider Jean-Luc Gavelle sold 184,100 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were 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 accessible through this hyperlink. 2.22% of the stock is owned by corporate insiders.

Amphenol Trading Up 0.3 %

Amphenol stock opened at $82.16 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.64 and a debt-to-equity ratio of 0.62. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $82.86. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.33 and a beta of 1.23. The stock has a 50-day moving average price of $76.78 and a 200 day moving average price of $78.06.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 20th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, June 16th. Amphenol’s payout ratio is 27.18%.

Amphenol Company Profile

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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.