Orion Portfolio Solutions LLC Sells 16,247 Shares of Amphenol Co. (NYSE:APH)

Orion Portfolio Solutions LLC lessened its position in shares of Amphenol Co. (NYSE:APH) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,511 shares of the electronics maker’s stock after selling 16,247 shares during the period. Orion Portfolio Solutions LLC’s holdings in Amphenol were worth $10,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Beacon Capital Management LLC grew its holdings in Amphenol by 121.2% in the 2nd 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 grew its stake in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC increased its position in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. 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 worth $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Amphenol in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by company insiders.

Amphenol Stock Down 0.2 %

NYSE:APH opened at $74.21 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a one year low of $45.92 and a one year high of $74.93. The firm’s 50 day simple moving average is $69.34 and its 200 day simple moving average is $66.96. The company has a market cap of $89.47 billion, a PE ratio of 42.65, a P/E/G ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, research analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is presently 37.93%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of analyst reports. Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” 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 stock a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI boosted their target price 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. Finally, Robert W. Baird increased their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

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.