Amphenol Co. (NYSE:APH) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 44.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,729 shares of the electronics maker's stock after selling 24,693 shares during the period. Qsemble Capital Management LP's holdings in Amphenol were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Texas Permanent School Fund Corp boosted its holdings in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker's stock valued at $13,458,000 after purchasing an additional 75,753 shares in the last quarter. United Services Automobile Association boosted its holdings in shares of Amphenol by 102.0% in the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker's stock valued at $2,154,000 after buying an additional 16,149 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock valued at $17,477,000 after buying an additional 90,450 shares during the last quarter. LMR Partners LLP raised its stake in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after acquiring an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock valued at $6,966,000 after acquiring an additional 19,496 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the company'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 value of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at $14,997,656.16. This trade represents 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 quarter. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Amphenol Trading Down 0.0 %

NYSE APH traded down $0.02 during mid-day trading on Tuesday, hitting $73.27. The company's stock had a trading volume of 4,606,366 shares, compared to its average volume of 6,631,690. 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 Co. has a 52-week low of $44.81 and a 52-week high of $74.93. The stock's fifty day simple moving average is $68.04 and its two-hundred day simple moving average is $66.53. The firm has a market capitalization of $88.34 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last posted 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 company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The business's quarterly revenue was up 26.3% on a year-over-year basis. Research analysts expect that Amphenol Co. will post 1.84 EPS for the current 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 paid 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 yield of 0.90%. Amphenol's dividend payout ratio (DPR) is 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.