Lyell Wealth Management LP Reduces Position in Amphenol Co. (NYSE:APH)

Lyell Wealth Management LP cut its position in Amphenol Co. (NYSE:APH) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,650 shares of the electronics maker’s stock after selling 5,387 shares during the period. Lyell Wealth Management LP’s holdings in Amphenol were worth $7,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of APH. Hixon Zuercher LLC grew its position in shares of Amphenol by 0.5% in the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock valued at $2,125,000 after buying an additional 104 shares during the last quarter. Jacobsen Capital Management grew its position in shares of Amphenol by 1.8% in the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock valued at $606,000 after buying an additional 108 shares during the last quarter. Strategic Blueprint LLC grew its position in shares of Amphenol by 2.4% in the 4th quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock valued at $480,000 after buying an additional 112 shares during the last quarter. Simon Quick Advisors LLC grew its position in shares of Amphenol by 2.2% in the 4th quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock valued at $537,000 after buying an additional 115 shares during the last quarter. Finally, Drive Wealth Management LLC grew its position in shares of Amphenol by 3.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock valued at $355,000 after buying an additional 116 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH stock traded up $2.05 during trading on Wednesday, reaching $116.31. 7,624,930 shares of the company were exchanged, compared to its average volume of 2,853,614. The company has a market cap of $69.97 billion, a P/E ratio of 37.40, a PEG ratio of 3.00 and a beta of 1.30. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. The stock’s 50 day moving average price is $111.48 and its 200 day moving average price is $99.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, analysts predict that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio is currently 28.30%.

Amphenol declared that its board has authorized a share repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent research reports. Citigroup increased their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus increased their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target for the company. The Goldman Sachs Group increased their price target on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Evercore ISI increased their price target on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,000 shares of company stock valued at $31,846,050. Corporate insiders own 1.80% of the company’s stock.

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.