Arkadios Wealth Advisors Sells 3,737 Shares of Amphenol Co. (NYSE:APH)

Arkadios Wealth Advisors cut its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,245 shares of the electronics maker's stock after selling 3,737 shares during the period. Arkadios Wealth Advisors' holdings in Amphenol were worth $2,934,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in APH. Trifecta Capital Advisors LLC increased its stake in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after purchasing an additional 338 shares during the last quarter. Core Alternative Capital boosted its holdings in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC raised its holdings in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after buying an additional 234 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock worth $44,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company's stock, valued at $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last three months. Company insiders own 1.80% of the company's stock.

Amphenol Stock Performance

APH traded down $0.42 during trading on Friday, reaching $69.44. 9,780,875 shares of the company's stock were exchanged, compared to its average volume of 5,171,896. The company has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $71.82 and a 200 day moving average price of $67.75. Amphenol Co. has a fifty-two week low of $47.76 and a fifty-two week high of $75.78.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol's dividend payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on APH. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.79.

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.