Goldstein Advisors LLC trimmed its position in Amphenol Corporation (NYSE:APH – Free Report) by 46.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,284 shares of the electronics maker’s stock after selling 2,865 shares during the quarter. Goldstein Advisors LLC’s holdings in Amphenol were worth $324,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in APH. Hughes Financial Services LLC bought a new stake in shares of Amphenol in the first quarter worth about $25,000. Opal Wealth Advisors LLC bought a new stake in Amphenol during the second quarter worth approximately $25,000. Avalon Trust Co increased its stake in Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Amphenol during the first quarter worth approximately $28,000. Finally, Saudi Central Bank bought a new stake in Amphenol during the first quarter worth approximately $31,000. 97.01% of the stock is owned by institutional investors.
Amphenol Stock Down 1.3%
Shares of NYSE:APH opened at $125.73 on Friday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $128.12. The business has a 50 day simple moving average of $117.40 and a two-hundred day simple moving average of $98.31. The firm has a market capitalization of $153.51 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46.
Amphenol Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were issued a $0.165 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. Amphenol’s payout ratio is presently 26.29%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Barclays assumed coverage on Amphenol in a research note on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price objective on the stock. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research note on Friday, July 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. UBS Group set a $120.00 price objective on Amphenol in a research note on Tuesday, October 7th. Finally, KGI Securities assumed coverage on Amphenol in a research note on Thursday, June 26th. They set a “hold” rating on the stock. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.
Get Our Latest Analysis on APH
Insider Transactions at Amphenol
In related news, VP David M. Silverman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the sale, the vice president owned 12,500 shares in the company, valued at approximately $1,380,250. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 113,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock worth $73,369,357 over the last three months. Company insiders own 1.67% 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.
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