Massachusetts Financial Services Co. MA Raises Holdings in Amphenol Co. (NYSE:APH)

Massachusetts Financial Services Co. MA raised its stake in Amphenol Co. (NYSE:APH) by 69.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,225,629 shares of the electronics maker’s stock after purchasing an additional 9,487,387 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.93% of Amphenol worth $1,564,711,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APH. Frazier Financial Advisors LLC purchased a new stake in Amphenol during the 4th quarter valued at $29,000. Beacon Capital Management LLC boosted its holdings 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 worth $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC grew its stake in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Amphenol during the 2nd quarter valued at about $29,000. Finally, Sachetta LLC raised its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In other Amphenol news, insider Luc Walter sold 106,000 shares of the business’s 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 completion of the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amphenol news, insider Luc Walter sold 106,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction on 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 Stock Up 0.2 %

Shares of NYSE:APH opened at $63.58 on Monday. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The stock has a fifty day simple moving average of $64.61 and a two-hundred day simple moving average of $62.76. The stock has a market capitalization of $76.57 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.45 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 15.69% and a return on equity of 24.08%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, research analysts anticipate 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 paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio is currently 26.91%.

Analyst Ratings Changes

Several research firms have recently issued reports on APH. Citigroup boosted their target price on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. UBS Group upped their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Truist Financial increased their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird cut their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.04.

Amphenol Company 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.