Virtu Financial LLC Takes $582,000 Position in Amphenol Co. (NYSE:APH)

Virtu Financial LLC purchased a new position in Amphenol Co. (NYSE:APH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,933 shares of the electronics maker’s stock, valued at approximately $582,000.

Other hedge funds also recently bought and sold shares of the company. Diversified Trust Co bought a new stake in shares of Amphenol in the 2nd quarter worth about $222,000. Blue Trust Inc. grew its position in Amphenol by 291.4% in the second quarter. Blue Trust Inc. now owns 1,687 shares of the electronics maker’s stock worth $114,000 after acquiring an additional 1,256 shares in the last quarter. OFI Invest Asset Management increased its stake in Amphenol by 91.0% during the second quarter. OFI Invest Asset Management now owns 594 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 283 shares during the last quarter. Raymond James & Associates raised its position in Amphenol by 113.5% during the second quarter. Raymond James & Associates now owns 345,550 shares of the electronics maker’s stock valued at $23,280,000 after purchasing an additional 183,688 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Amphenol by 110.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 533,772 shares of the electronics maker’s stock valued at $36,015,000 after purchasing an additional 280,120 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. Insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE:APH opened at $73.63 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $88.77 billion, a price-to-earnings ratio of 42.32, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The firm has a 50 day moving average of $70.37 and a 200 day moving average of $67.16. Amphenol Co. has a 52 week low of $46.94 and a 52 week high of $74.93.

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 analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. On average, sell-side analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APH. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Company 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.