Soltis Investment Advisors LLC Buys Shares of 3,097 Amphenol Corporation $APH

by · The Cerbat Gem

Soltis Investment Advisors LLC purchased a new position in Amphenol Corporation (NYSE:APH – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,097 shares of the electronics maker’s stock, valued at approximately $306,000.

A number of other hedge funds also recently made changes to their positions in APH. Hughes Financial Services LLC purchased a new stake in Amphenol during the first quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol in the 2nd quarter worth about $25,000. Avalon Trust Co increased its position in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Amphenol during the 1st quarter valued at about $28,000. Finally, Saudi Central Bank bought a new stake in Amphenol in the 1st quarter worth approximately $31,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the transaction, the vice president owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 80,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,238,042 shares of company stock worth $155,252,726. Insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on APH. Barclays assumed coverage on shares of Amphenol in a research note on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price target on the stock. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the stock an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Citigroup raised their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Industrial Alliance Securities set a $115.00 target price on Amphenol in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.77.

Check Out Our Latest Stock Analysis on APH

Amphenol Price Performance

APH opened at $139.01 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The stock has a market capitalization of $170.16 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The stock’s 50 day moving average price is $125.12 and its 200-day moving average price is $105.82. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $142.50.

Amphenol (NYSE:APH – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. On average, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) is 33.33%.

About Amphenol

(Free Report)

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.

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