Coldstream Capital Management Inc. Grows Position in Amphenol Co. (NYSE:APH)

Coldstream Capital Management Inc. lifted its position in Amphenol Co. (NYSE:APH) by 90.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,089 shares of the electronics maker’s stock after purchasing an additional 10,956 shares during the period. Coldstream Capital Management Inc.’s holdings in Amphenol were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. First National Advisers LLC raised its position in shares of Amphenol by 45.0% in the fourth quarter. First National Advisers LLC now owns 20,380 shares of the electronics maker’s stock worth $2,021,000 after acquiring an additional 6,329 shares during the period. Franklin Resources Inc. raised its holdings in Amphenol by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 4,015,628 shares of the electronics maker’s stock worth $398,069,000 after purchasing an additional 20,521 shares during the period. Choreo LLC boosted its position in Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after purchasing an additional 34,309 shares in the last quarter. Balentine LLC grew its holdings in Amphenol by 20.0% in the fourth quarter. Balentine LLC now owns 20,920 shares of the electronics maker’s stock valued at $2,074,000 after purchasing an additional 3,492 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Amphenol during the 4th quarter worth approximately $263,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 2.1 %

Shares of APH opened at $62.04 on Thursday. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The firm has a market capitalization of $74.71 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.36 and a beta of 1.24. The firm has a 50-day moving average price of $64.79 and a 200 day moving average price of $62.57. 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 posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Amphenol Co. will post 1.76 EPS for the current 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 1.06%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Truist Financial boosted their target price 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. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Bank of America lowered Amphenol from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $71.00 in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.04.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction that occurred 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 sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was 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. In the last ninety days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is currently owned by insiders.

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.