NovaPoint Capital LLC Increases Stake in Amphenol Co. (NYSE:APH)

NovaPoint Capital LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 6.1% during the third quarter, Holdings Channel.com reports. The firm owned 49,371 shares of the electronics maker’s stock after acquiring an additional 2,855 shares during the period. NovaPoint Capital LLC’s holdings in Amphenol were worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in APH. Beacon Capital Management LLC increased its holdings in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC lifted its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 188 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Amphenol during the second quarter worth approximately $29,000. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the last quarter. Finally, Sachetta LLC lifted its holdings in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. Company insiders own 1.80% of the company’s stock.

Amphenol Trading Down 0.1 %

Shares of Amphenol stock opened at $67.46 on Friday. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The company’s fifty day moving average is $64.76 and its two-hundred day moving average is $64.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market capitalization of $81.03 billion, a P/E ratio of 41.39, a PEG ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. Analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Tuesday, September 17th. Amphenol’s dividend payout ratio is presently 40.49%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. UBS Group upped their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird lowered their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Truist Financial raised their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Five equities 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 data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $66.50.

Amphenol 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.