Amphenol Co. (NYSE:APH) Shares Sold by USA Financial Formulas

USA Financial Formulas reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 93.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,336 shares of the electronics maker's stock after selling 20,469 shares during the quarter. USA Financial Formulas' holdings in Amphenol were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC lifted its holdings 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 valued at $28,000 after acquiring an additional 338 shares in the last quarter. Core Alternative Capital raised its position in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock valued at $31,000 after purchasing an additional 231 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of 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 purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after buying an additional 234 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in shares of Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock valued at $44,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last three months. 1.80% of the stock is owned by company insiders.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.42 during trading on Friday, hitting $69.44. 9,720,769 shares of the company traded hands, compared to its average volume of 5,802,919. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. 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's fifty day moving average is $71.91 and its 200-day moving average is $67.73.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is 37.93%.

Analyst Ratings Changes

A number of research firms have recently issued reports on APH. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Truist Financial boosted 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. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $69.79.

About Amphenol

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.