Choreo LLC Takes $633,000 Position in Amphenol Co. (NYSE:APH)

Choreo LLC acquired a new stake in Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,368 shares of the electronics maker’s stock, valued at approximately $633,000.

Several other large investors also recently modified their holdings of APH. Peoples Bank KS bought a new position in Amphenol during the third quarter worth about $27,000. Mendota Financial Group LLC bought a new position in Amphenol during the fourth quarter worth about $33,000. Venturi Wealth Management LLC increased its position in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC increased its position in Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Amphenol during the third quarter worth about $34,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. UBS Group increased their price objective on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. Stifel Nicolaus increased their price objective 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. Finally, Robert W. Baird increased their price objective on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Stock Down 1.2 %

Amphenol stock opened at $119.29 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. Amphenol Co. has a 52-week low of $72.77 and a 52-week high of $123.60. The firm has a 50 day moving average price of $112.98 and a two-hundred day moving average price of $100.59. The firm has a market cap of $71.65 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.21 and a beta of 1.30.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned $0.69 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. Equities analysts predict that Amphenol Co. will post 3.34 EPS for the current year.

Amphenol announced that its Board of Directors has approved a share buyback plan on Wednesday, April 24th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on 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. In the last 90 days, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by insiders.

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.