Atom Investors LP Takes Position in Amphenol Co. (NYSE:APH)

Atom Investors LP bought a new stake in Amphenol Co. (NYSE:APH - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,664 shares of the electronics maker's stock, valued at approximately $890,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APH. Beacon Capital Management LLC raised its holdings in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 188 shares during the last quarter. Sachetta LLC raised its holdings in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC raised its holdings in Amphenol by 352.1% in 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 during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Amphenol in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Up 1.7 %

NYSE:APH traded up $1.25 during mid-day trading on Wednesday, reaching $74.38. The stock had a trading volume of 4,002,883 shares, compared to its average volume of 6,577,086. The company has a market capitalization of $89.67 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. Amphenol Co. has a 1-year low of $45.47 and a 1-year high of $74.93. The stock's 50 day simple moving average is $68.98 and its two-hundred day simple moving average is $66.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 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 during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. Amphenol's quarterly revenue was up 26.3% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on APH. TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Truist Financial upped their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $69.63.

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.