Cetera Investment Advisers Sells 803 Shares of Amphenol Co. (NYSE:APH)

Defense World · Nov 26, 2022 21:11

Cetera Investment Advisers trimmed its position in shares of Amphenol Co. (NYSE:APH – Get Rating) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,124 shares of the electronics maker's stock after selling 803 shares during the quarter. Cetera Investment Advisers' holdings in Amphenol were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Prospera Financial Services Inc purchased a new stake in shares of Amphenol in the 1st quarter worth $30,000. Russell Investments Group Ltd. increased its stake in shares of Amphenol by 9.4% in the 1st quarter. Russell Investments Group Ltd. now owns 377,772 shares of the electronics maker's stock worth $28,467,000 after purchasing an additional 32,383 shares in the last quarter. James Hambro & Partners increased its stake in shares of Amphenol by 16.8% in the 1st quarter. James Hambro & Partners now owns 838,436 shares of the electronics maker's stock worth $63,193,000 after purchasing an additional 120,572 shares in the last quarter. Noesis Capital Mangement Corp increased its stake in shares of Amphenol by 5.4% in the 1st quarter. Noesis Capital Mangement Corp now owns 168,674 shares of the electronics maker's stock worth $12,710,000 after purchasing an additional 8,610 shares in the last quarter. Finally, Resources Investment Advisors LLC. increased its stake in shares of Amphenol by 13.4% in the 1st quarter. Resources Investment Advisors LLC. now owns 5,415 shares of the electronics maker's stock worth $408,000 after purchasing an additional 638 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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Amphenol Trading Up 0.3 %

Shares of Amphenol stock opened at $80.34 on Friday. The firm has a market cap of $47.81 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.36 and a beta of 1.25. The business has a 50-day moving average price of $73.22 and a 200-day moving average price of $71.67. The company has a quick ratio of 1.60, a current ratio of 2.38 and a debt-to-equity ratio of 0.72. Amphenol Co. has a twelve month low of $61.67 and a twelve month high of $88.45.

Amphenol (NYSE:APH – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.11 billion. Amphenol had a return on equity of 28.02% and a net margin of 14.98%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Equities research analysts anticipate that Amphenol Co. will post 2.97 EPS for the current fiscal year.

Amphenol Increases Dividend

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

Analyst Upgrades and Downgrades

APH has been the subject of several analyst reports. StockNews.com lowered Amphenol from a "buy" rating to a "hold" rating in a research note on Friday, November 4th. JPMorgan Chase & Co. increased their price target on Amphenol from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Monday, October 10th. UBS Group increased their price target on Amphenol from $88.00 to $93.00 and gave the stock a "buy" rating in a research note on Tuesday, August 23rd. Finally, Jefferies Financial Group lowered Amphenol from a "buy" rating to a "hold" rating and increased their price target for the stock from $87.00 to $88.00 in a research note on Tuesday. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $84.56.

Insider Activity at Amphenol

In related news, VP Lance E. D'amico sold 40,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $78.79, for a total value of $3,151,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company's stock, valued at approximately $2,024,903. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Lance E. D'amico sold 40,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $78.79, for a total value of $3,151,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company's stock, valued at approximately $2,024,903. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 75,000 shares of the firm's stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $80.02, for a total transaction of $6,001,500.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company's stock, valued at approximately $560,140. The disclosure for this sale can be found here. In the last quarter, insiders sold 242,000 shares of company stock valued at $19,290,240. Insiders own 2.10% of the company's stock.

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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