Taylor Frigon Capital Management LLC lowered its position in shares of Amphenol Co. (NYSE:APH) by 11.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,637 shares of the electronics maker’s stock after selling 2,449 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Amphenol were worth $1,752,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Braun Bostich & Associates Inc. lifted its stake in shares of Amphenol by 1,407.1% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock valued at $112,000 after purchasing an additional 1,196 shares during the period. Landaas & Co. WI ADV acquired a new position in shares of Amphenol in the 2nd quarter valued at about $113,000. AdvisorNet Financial Inc lifted its stake in shares of Amphenol by 236.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 942 shares during the period. Fort L.P. acquired a new position in shares of Amphenol in the 2nd quarter valued at about $119,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Amphenol by 16,640.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 1,664 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
A number of research analysts have recently issued reports on the company. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Morgan Stanley dropped their price objective on Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. Goldman Sachs Group began coverage on Amphenol in a research note on Tuesday, October 9th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus upped their price target on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Amphenol currently has a consensus rating of “Buy” and a consensus target price of $98.00.
APH stock opened at $90.50 on Wednesday. Amphenol Co. has a fifty-two week low of $80.42 and a fifty-two week high of $97.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68. The company has a market cap of $27.24 billion, a P/E ratio of 29.01, a PEG ratio of 2.06 and a beta of 0.88.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. On average, equities research analysts forecast that Amphenol Co. will post 3.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, December 14th. Amphenol’s dividend payout ratio is currently 29.49%.
In other Amphenol news, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $261,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $95.51, for a total value of $716,325.00. Following the sale, the vice president now directly owns 7,500 shares of the company’s stock, valued at $716,325. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.
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Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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