Amphenol Co. (NYSE:APH) VP David M. Silverman Sells 180,000 Shares

Amphenol Co. (NYSE:APH) VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Amphenol Stock Up 2.4 %

Shares of NYSE APH opened at $73.92 on Friday. The firm has a fifty day simple moving average of $65.44 and a two-hundred day simple moving average of $65.34. The firm has a market capitalization of $89.12 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. 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 12 month low of $42.12 and a 12 month high of $74.18.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. Equities analysts expect that Amphenol Co. will post 1.84 earnings per share 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 annualized dividend and a yield of 0.89%. Amphenol’s payout ratio is 37.93%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Amphenol

A number of institutional investors have recently added to or reduced their stakes in APH. Norden Group LLC boosted its position in shares of Amphenol by 69.4% in the 1st quarter. Norden Group LLC now owns 3,562 shares of the electronics maker’s stock worth $411,000 after purchasing an additional 1,459 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Amphenol by 1.1% in the first quarter. Nordea Investment Management AB now owns 42,758 shares of the electronics maker’s stock worth $4,954,000 after acquiring an additional 484 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Amphenol by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 124,005 shares of the electronics maker’s stock worth $14,304,000 after acquiring an additional 463 shares in the last quarter. Advisory Alpha LLC purchased a new stake in shares of Amphenol in the first quarter worth $367,000. Finally, Empirical Finance LLC increased its holdings in shares of Amphenol by 3.5% during the first quarter. Empirical Finance LLC now owns 21,473 shares of the electronics maker’s stock valued at $2,477,000 after acquiring an additional 722 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.