OneDigital Investment Advisors LLC Sells 7,717 Shares of Amphenol Corporation (NYSE:APH)

OneDigital Investment Advisors LLC decreased its position in Amphenol Corporation (NYSE:APH - Free Report) by 45.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,136 shares of the electronics maker's stock after selling 7,717 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Amphenol were worth $599,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APH. Rakuten Securities Inc. grew its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the period. Global X Japan Co. Ltd. bought a new position in Amphenol during the first quarter valued at about $44,000. Coppell Advisory Solutions LLC bought a new position in Amphenol during the fourth quarter valued at about $48,000. West Branch Capital LLC bought a new position in Amphenol during the first quarter valued at about $57,000. Finally, Colonial Trust Co SC grew its position in Amphenol by 342.9% during the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after buying an additional 672 shares during the period. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last three months. Corporate insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.43 on Friday, reaching $98.74. The stock had a trading volume of 6,716,903 shares, compared to its average volume of 7,691,952. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $99.99. The company has a market cap of $119.44 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $91.20 and its two-hundred day moving average is $76.25.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The company's revenue for the quarter was up 47.7% on a year-over-year basis. As a group, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. The Goldman Sachs Group increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Evercore ISI increased their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average price target of $89.15.

Amphenol 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.