Newfound Research LLC Lowers Stock Position in Amphenol Co. (NYSE:APH)

Newfound Research LLC lessened its holdings in Amphenol Co. (NYSE:APHGet Rating) by 24.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,218 shares of the electronics maker’s stock after selling 391 shares during the period. Newfound Research LLC’s holdings in Amphenol were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of APH. Prospera Financial Services Inc bought a new position in shares of Amphenol during the 1st quarter worth approximately $30,000. Riverview Trust Co bought a new position in shares of Amphenol during the 1st quarter worth approximately $34,000. Tcwp LLC bought a new position in shares of Amphenol during the 1st quarter worth approximately $36,000. Valley National Advisers Inc. raised its stake in shares of Amphenol by 124.9% during the 1st quarter. Valley National Advisers Inc. now owns 497 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 276 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new position in Amphenol during the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, insider Jean-Luc Gavelle sold 122,000 shares of Amphenol stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total transaction of $9,447,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amphenol news, insider Jean-Luc Gavelle sold 122,000 shares of Amphenol stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total transaction of $9,447,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $1,977,101. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Amphenol Price Performance

Shares of NYSE:APH traded down $1.62 during midday trading on Friday, hitting $67.93. The company’s stock had a trading volume of 118,880 shares, compared to its average volume of 1,723,403. The business’s 50 day simple moving average is $74.59 and its 200 day simple moving average is $71.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.65 and a current ratio of 2.45. The company has a market cap of $40.41 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. Amphenol Co. has a 12-month low of $61.67 and a 12-month high of $88.45.

Amphenol (NYSE:APHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 2.94 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Tuesday, September 20th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.18%. The ex-dividend date is Monday, September 19th. Amphenol’s payout ratio is currently 27.97%.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of Amphenol from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. The Goldman Sachs Group cut their price objective on shares of Amphenol from $87.00 to $83.00 in a research note on Wednesday, June 1st. StockNews.com upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Friday, September 16th. Cowen cut their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating on the stock in a research note on Friday, July 1st. Finally, Cowen cut their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating on the stock in a research note on Friday, July 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.44.

About Amphenol

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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.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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