AdvisorNet Financial Inc Cuts Holdings in Amphenol Co. (NYSE:APH)

AdvisorNet Financial Inc decreased its position in Amphenol Co. (NYSE:APH) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,389 shares of the electronics maker’s stock after selling 771 shares during the period. AdvisorNet Financial Inc’s holdings in Amphenol were worth $652,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of APH. Fortitude Family Office LLC boosted its position in Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Fragasso Financial Advisors Inc increased its stake in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 171 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Amphenol by 7.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after purchasing an additional 189 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of Amphenol by 4.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after buying an additional 199 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on APH. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Robert W. Baird boosted 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. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America increased their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Up 0.9 %

Shares of APH stock opened at $70.92 on Thursday. The firm has a market cap of $85.50 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 2.44 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 Co. has a 12-month low of $47.38 and a 12-month high of $75.78. The business has a 50-day moving average price of $72.01 and a two-hundred day moving average price of $67.69.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.93%. Amphenol’s payout ratio is 37.93%.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the firm’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 owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now 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 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. Company insiders own 1.80% of the company’s stock.

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.