Edgestream Partners L.P. Buys New Holdings in Amphenol Co. (NYSE:APH)

Edgestream Partners L.P. purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,782 shares of the electronics maker's stock, valued at approximately $1,094,000.

Other hedge funds also recently made changes to their positions in the company. Beacon Capital Management LLC raised its position in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC lifted its position in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 188 shares during the period. Sachetta LLC boosted its stake 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 buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in Amphenol by 352.1% in the third 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 period. Finally, Opal Wealth Advisors LLC acquired a new position in Amphenol during the second quarter worth $29,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The shares were 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. Over the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Amphenol Trading Down 0.0 %

NYSE APH traded down $0.01 during trading hours on Thursday, hitting $74.39. The company's stock had a trading volume of 6,688,906 shares, compared to its average volume of 6,577,563. Amphenol Co. has a twelve month low of $45.92 and a twelve month high of $74.93. The firm has a market capitalization of $89.69 billion, a P/E ratio of 42.75, a PEG ratio of 2.43 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 stock has a fifty day moving average of $68.98 and a 200 day moving average of $66.86.

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

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date of this dividend 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 is 37.93%.

Analysts Set New Price Targets

APH has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen lifted their target price 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. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five equities research 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 company. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.63.

Amphenol Company 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.