Holocene Advisors LP Sells 35,034 Shares of Amphenol Co. (NYSE:APH)

Holocene Advisors LP lowered its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 525,007 shares of the electronics maker's stock after selling 35,034 shares during the period. Holocene Advisors LP's holdings in Amphenol were worth $34,209,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Amphenol by 127.3% during the first quarter. Cetera Investment Advisers now owns 95,965 shares of the electronics maker's stock worth $11,070,000 after acquiring an additional 53,740 shares during the period. Cetera Advisors LLC raised its position in shares of Amphenol by 511.9% in the first quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker's stock valued at $2,962,000 after buying an additional 21,481 shares in the last quarter. Mather Group LLC. raised its position in Amphenol by 4.9% during the second quarter. Mather Group LLC. now owns 11,832 shares of the electronics maker's stock valued at $797,000 after purchasing an additional 556 shares in the last quarter. Trust Co. of Vermont raised its position in Amphenol by 100.0% during the second quarter. Trust Co. of Vermont now owns 4,244 shares of the electronics maker's stock valued at $286,000 after purchasing an additional 2,122 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Amphenol by 150.4% during the second quarter. Park Avenue Securities LLC now owns 56,700 shares of the electronics maker's stock worth $3,820,000 after buying an additional 34,056 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

APH has been the topic of several analyst reports. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Bank of America increased their target price 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. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.63.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 180,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value 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. This represents a 92.78 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Shares of APH stock remained flat at $73.08 during mid-day trading on Tuesday. 2,150,031 shares of the company's stock were exchanged, compared to its average volume of 6,580,937. The company has a 50-day moving average price of $68.51 and a 200-day moving average price of $66.71. Amphenol Co. has a 12-month low of $45.47 and a 12-month high of $74.93. The company has a market capitalization of $88.11 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.42 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.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data 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 net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.81 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company's revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

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.