Taylor Frigon Capital Management LLC Sells 1,117 Shares of Amphenol Co. (NYSE:APH)

Taylor Frigon Capital Management LLC lessened its stake in Amphenol Co. (NYSE:APH) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,594 shares of the electronics maker’s stock after selling 1,117 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Amphenol were worth $1,863,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after purchasing an additional 80 shares during the period. Atomi Financial Group Inc. boosted its position in Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after buying an additional 81 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its position in Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after buying an additional 88 shares during the period. Nicolet Advisory Services LLC grew its holdings in Amphenol by 3.4% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after acquiring an additional 89 shares during the last quarter. Finally, Webster Bank N. A. increased its position in shares of Amphenol by 16.2% in the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 97 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APH has been the subject of a number of analyst reports. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group upped their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.17.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 106,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the sale, the insider now directly owns 447,790 shares in the company, valued at approximately $28,743,640.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock worth $98,236,640 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Up 0.9 %

APH traded up $0.64 during midday trading on Thursday, reaching $69.11. The company’s stock had a trading volume of 3,037,242 shares, compared to its average volume of 6,593,807. The stock’s 50-day moving average is $64.96 and its 200-day moving average is $64.47. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $71.20. The firm has a market capitalization of $83.02 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 2.56 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping 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 24.08% and a net margin of 15.69%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, research analysts expect that Amphenol Co. will post 1.76 EPS for the current year.

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.