PDT Partners LLC Buys Shares of 14,400 Amphenol Co. (NYSE:APH)

PDT Partners LLC purchased a new position in Amphenol Co. (NYSE:APH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,400 shares of the electronics maker’s stock, valued at approximately $938,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Beacon Capital Management LLC boosted its holdings in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC grew its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC increased its stake in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Amphenol in the second quarter worth about $29,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares in the company, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 value of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Down 0.1 %

APH opened at $72.65 on Monday. Amphenol Co. has a 1-year low of $45.01 and a 1-year high of $74.93. The firm’s 50 day simple moving average is $68.51 and its two-hundred day simple moving average is $66.71. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $87.59 billion, a PE ratio of 41.75, a PEG ratio of 2.42 and a beta of 1.23.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company 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 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is 37.93%.

Analyst Ratings Changes

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

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.