XTX Topco Ltd Sells 31,108 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• XTX Topco Ltd reduced its stake in Amphenol Corporation by 68.7% during the first quarter, holding a total of 14,147 shares worth approximately $928,000 at the end of the reporting period.
• Insider transactions noted significant sales, including William J. Doherty selling 160,000 shares for $14.3 million, with insiders collectively selling 586,000 shares valued at nearly $53 million over the last three months.
• Analysts are optimistic regarding Amphenol's future, with various upgrades to their price targets; the average rating for the stock stands at "Moderate Buy" with a target price of $102.23.

XTX Topco Ltd cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 68.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,147 shares of the electronics maker's stock after selling 31,108 shares during the period. XTX Topco Ltd's holdings in Amphenol were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Amphenol in the 4th quarter valued at $233,000. Arete Wealth Advisors LLC purchased a new position in shares of Amphenol during the fourth quarter worth $246,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Amphenol during the 4th quarter worth about $1,830,000. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president directly owned 152,412 shares of the company's stock, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI raised their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. Robert W. Baird boosted their price objective on Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Bank of America lifted their target price on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $104.92.

Amphenol Stock Performance

Shares of APH stock traded down $0.88 on Thursday, hitting $108.62. 3,558,542 shares of the stock traded hands, compared to its average volume of 8,538,578. The company has a market capitalization of $132.61 billion, a PE ratio of 43.25, a PEG ratio of 1.76 and a beta of 1.13. The company's fifty day moving average is $98.27 and its 200 day moving average is $80.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $110.38.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be given a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol's payout ratio is 26.29%.

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.