UBS Group AG Sells 117,100 Shares of Amphenol Co. (NYSE:APH)

UBS Group AG decreased its position in Amphenol Co. (NYSE:APHFree Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 895,201 shares of the electronics maker’s stock after selling 117,100 shares during the period. UBS Group AG owned 0.15% of Amphenol worth $75,188,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Peoples Bank KS bought a new position in Amphenol in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Amphenol in the 1st quarter valued at about $33,000. Altshuler Shaham Ltd bought a new stake in shares of Amphenol in the fourth quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amphenol during the third quarter worth about $34,000. Finally, Steward Financial Group LLC grew its holdings in shares of Amphenol by 291.5% during the second quarter. Steward Financial Group LLC now owns 556 shares of the electronics maker’s stock worth $47,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on APH shares. Truist Financial upped their price target on Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. The Goldman Sachs Group lifted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus raised their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Citigroup started coverage on shares of Amphenol in a research report on Friday, January 5th. They issued a “buy” rating and a $117.00 price objective for the company. Finally, Robert W. Baird upped their target price on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.11.

Read Our Latest Stock Report on APH

Amphenol Stock Performance

NYSE:APH opened at $105.03 on Tuesday. The stock has a fifty day moving average price of $98.42 and a 200-day moving average price of $90.22. The company has a market cap of $63.00 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 3.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $105.66.

Amphenol (NYSE:APHGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the business posted $0.78 EPS. Amphenol’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 3.26 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 75,000 shares of Amphenol stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $89.51, for a total value of $6,713,250.00. Following the completion of the transaction, the vice president now directly owns 7,000 shares in the company, valued at $626,570. The disclosure for this sale can be found here. Insiders have sold a total of 360,000 shares of company stock worth $36,346,500 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Amphenol Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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