Dynamic Technology Lab Private Ltd Sells 5,787 Shares of Amphenol Co. (NYSE:APH)

Dynamic Technology Lab Private Ltd trimmed its position in shares of Amphenol Co. (NYSE:APH) by 56.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,482 shares of the electronics maker’s stock after selling 5,787 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Amphenol were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares during the period. Summit Trail Advisors LLC lifted its holdings in Amphenol by 8.5% during the 3rd quarter. Summit Trail Advisors LLC now owns 19,631 shares of the electronics maker’s stock valued at $1,282,000 after buying an additional 1,541 shares in the last quarter. Alpha DNA Investment Management LLC lifted its holdings in Amphenol by 7.7% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 12,362 shares of the electronics maker’s stock valued at $806,000 after buying an additional 880 shares in the last quarter. Sompo Asset Management Co. Ltd. boosted its position in Amphenol by 1.9% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 12,920 shares of the electronics maker’s stock valued at $842,000 after buying an additional 240 shares during the period. Finally, WESPAC Advisors LLC increased its position in shares of Amphenol by 8.0% during the third quarter. WESPAC Advisors LLC now owns 8,425 shares of the electronics maker’s stock worth $549,000 after acquiring an additional 625 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $72.65 on Monday. The company has a 50 day moving average of $68.51 and a two-hundred day moving average of $66.71. 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 Co. has a twelve month low of $45.01 and a twelve month high of $74.93. The company has a market cap of $87.59 billion, a price-to-earnings ratio of 41.75, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping 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 firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed 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. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is currently 37.93%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.