Amphenol Co. (NYSE:APH) VP David M. Silverman Sells 75,000 Shares of Stock

Amphenol Co. (NYSE:APHGet Rating) VP David M. Silverman sold 75,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $80.02, for a total transaction of $6,001,500.00. Following the sale, the vice president now owns 7,000 shares in the company, valued at $560,140. The sale was disclosed in a filing with the SEC, which is available at this link.

Amphenol Price Performance

Shares of NYSE APH opened at $80.07 on Thursday. The stock has a market cap of $47.65 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.36 and a beta of 1.25. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $72.95 and its 200 day moving average price is $71.56. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $88.45.

Amphenol (NYSE:APHGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Amphenol had a net margin of 14.98% and a return on equity of 28.02%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s revenue was up 16.9% on a year-over-year basis. As a group, research analysts forecast that Amphenol Co. will post 2.97 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Amphenol’s previous quarterly dividend of $0.20. Amphenol’s dividend payout ratio (DPR) is presently 26.85%.

Hedge Funds Weigh In On Amphenol

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Amphenol by 0.7% in the third quarter. Vanguard Group Inc. now owns 70,304,373 shares of the electronics maker’s stock valued at $4,707,581,000 after buying an additional 499,230 shares during the last quarter. FMR LLC grew its holdings in Amphenol by 2.7% during the second quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock worth $3,322,965,000 after acquiring an additional 1,341,887 shares during the period. BlackRock Inc. increased its stake in Amphenol by 0.3% in the 3rd quarter. BlackRock Inc. now owns 44,719,942 shares of the electronics maker’s stock worth $2,994,449,000 after purchasing an additional 118,811 shares in the last quarter. State Street Corp increased its stake in Amphenol by 0.8% in the 3rd quarter. State Street Corp now owns 24,391,774 shares of the electronics maker’s stock worth $1,638,180,000 after purchasing an additional 185,162 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Amphenol by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 17,540,592 shares of the electronics maker’s stock valued at $1,174,518,000 after acquiring an additional 354,763 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. UBS Group raised their price target on shares of Amphenol from $88.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Jefferies Financial Group lowered shares of Amphenol from a “buy” rating to a “hold” rating and lifted their target price for the company from $87.00 to $88.00 in a research report on Tuesday. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $86.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Amphenol has a consensus rating of “Hold” and an average price target of $84.56.

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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Insider Buying and Selling by Quarter for Amphenol (NYSE:APH)

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