Quadrature Capital Ltd Invests $2.53 Million in Amphenol Co. (NYSE:APH)

Quadrature Capital Ltd acquired a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,808 shares of the electronics maker's stock, valued at approximately $2,528,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. OLD National Bancorp IN lifted its stake in shares of Amphenol by 16.8% during the 2nd quarter. OLD National Bancorp IN now owns 6,153 shares of the electronics maker's stock worth $415,000 after purchasing an additional 885 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol in the 2nd quarter worth approximately $29,000. SG Americas Securities LLC boosted its stake in Amphenol by 122.6% in the second quarter. SG Americas Securities LLC now owns 280,333 shares of the electronics maker's stock valued at $18,886,000 after acquiring an additional 154,377 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Amphenol by 59.0% during the second quarter. Gateway Investment Advisers LLC now owns 12,673 shares of the electronics maker's stock worth $854,000 after purchasing an additional 4,701 shares in the last quarter. Finally, MJP Associates Inc. ADV boosted its position in shares of Amphenol by 108.2% in the 2nd quarter. MJP Associates Inc. ADV now owns 7,107 shares of the electronics maker's stock worth $479,000 after purchasing an additional 3,694 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 0.2 %

APH stock traded down $0.18 during trading on Friday, reaching $74.21. 5,232,262 shares of the stock were exchanged, compared to its average volume of 5,573,978. The business has a 50 day moving average price of $69.34 and a 200-day moving average price of $66.96. The firm has a market capitalization of $89.47 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 2.47 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 1 year low of $45.92 and a 1 year high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The firm's revenue for the quarter was up 26.3% compared to the same quarter last year. On average, research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. 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 payout ratio is presently 37.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial upped their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Evercore ISI raised their price objective on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen raised their price target 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. Five research 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 stock. According to MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the 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. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last 90 days. 1.80% of the stock is owned by insiders.

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.