Birch Hill Investment Advisors LLC Sells 12,374 Shares of Amphenol Corporation $APH

Key Points

• Birch Hill Investment Advisors LLC has reduced its stake in Amphenol Corporation by 1.6%, now holding 775,352 shares after selling 12,374 shares during the second quarter.
• Insider trading activity revealed significant sales as both VP Lance E. D'amico and CFO Craig A. Lampo sold a combined 299,848 shares, indicating a substantial decrease in their ownership stake in the company.
• Amphenol has recently reported a strong quarterly earnings result, achieving a revenue of $5.65 billion and an EPS of $0.81, exceeding analyst expectations.

Birch Hill Investment Advisors LLC cut its stake in Amphenol Corporation (NYSE:APH - Free Report) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 775,352 shares of the electronics maker's stock after selling 12,374 shares during the quarter. Amphenol makes up 3.4% of Birch Hill Investment Advisors LLC's portfolio, making the stock its 8th biggest holding. Birch Hill Investment Advisors LLC owned 0.06% of Amphenol worth $76,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter worth $25,000. Hilltop National Bank bought a new stake in Amphenol during the second quarter valued at about $35,000. Hughes Financial Services LLC bought a new stake in Amphenol during the first quarter valued at about $25,000. Avalon Trust Co boosted its holdings in Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in Amphenol during the first quarter valued at about $28,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the transaction, the vice president owned 76,400 shares in the company, valued at approximately $8,449,840. The trade was a 56.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the completion of the transaction, the chief financial officer owned 125,695 shares of the company's stock, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is currently owned by insiders.

Amphenol Stock Down 2.4%

NYSE APH opened at $124.60 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The firm has a 50-day simple moving average of $118.01 and a 200 day simple moving average of $99.22. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $128.12. The stock has a market cap of $152.13 billion, a PE ratio of 49.64, a PEG ratio of 1.67 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th were paid a $0.165 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. Amphenol's payout ratio is 26.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on APH shares. Bank of America upgraded shares of Amphenol from a "neutral" rating to a "buy" rating and upped their price target for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. The Goldman Sachs Group set a $139.00 price target on shares of Amphenol and gave the company a "buy" rating in a report on Monday, September 29th. Weiss Ratings restated a "buy (b)" rating on shares of Amphenol in a report on Wednesday, October 8th. Finally, Truist Financial increased their target price on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

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.

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