Ibex Wealth Advisors Takes $337,000 Position in Amphenol Co. (NYSE:APH)

Ibex Wealth Advisors acquired a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,855 shares of the electronics maker’s stock, valued at approximately $337,000.

A number of other hedge funds have also added to or reduced their stakes in APH. Fortitude Family Office LLC boosted its position in shares of Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares during the period. Fragasso Financial Advisors Inc grew its position in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Amphenol by 0.5% in the fourth quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock worth $2,376,000 after purchasing an additional 180 shares during the period. Finally, Prestige Wealth Management Group LLC raised its position in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 in the last quarter. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.1 %

APH opened at $69.34 on Thursday. Amphenol Co. has a 12 month low of $50.48 and a 12 month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $72.02 and its 200-day moving average price is $67.96. The company has a market cap of $83.60 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 2.17 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on APH. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.