Insigneo Advisory Services LLC Sells 900 Shares of Amphenol Co. (NYSE:APH)

Insigneo Advisory Services LLC lessened its position in shares of Amphenol Co. (NYSE:APH) by 17.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,240 shares of the electronics maker’s stock after selling 900 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Amphenol were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APH. Aspire Private Capital LLC lifted its holdings in shares of Amphenol by 300.0% during the 2nd quarter. Aspire Private Capital LLC now owns 1,600 shares of the electronics maker’s stock valued at $108,000 after purchasing an additional 1,200 shares during the last quarter. Transform Wealth LLC raised its stake in Amphenol by 96.7% in the second quarter. Transform Wealth LLC now owns 7,860 shares of the electronics maker’s stock valued at $530,000 after buying an additional 3,864 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Amphenol by 88.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 10,275 shares of the electronics maker’s stock worth $692,000 after acquiring an additional 4,820 shares in the last quarter. LVW Advisors LLC purchased a new stake in shares of Amphenol during the second quarter worth about $211,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Amphenol by 111.1% during the second quarter. Sequoia Financial Advisors LLC now owns 17,350 shares of the electronics maker’s stock valued at $1,169,000 after acquiring an additional 9,131 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % 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 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird upped their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Trading Down 0.2 %

Shares of NYSE:APH opened at $74.21 on Monday. 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 $45.92 and a 12-month high of $74.93. The business has a 50 day moving average of $69.34 and a two-hundred day moving average of $66.96. The company has a market capitalization of $89.47 billion, a PE ratio of 42.65, a PEG ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. As a group, analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 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.