Amphenol Sees Unusually High Options Volume (NYSE:APH)

by · The Cerbat Gem

Amphenol Co. (NYSE:APH – Get Free Report) saw unusually large options trading activity on Tuesday. Traders bought 8,092 put options on the stock. This is an increase of 49% compared to the average daily volume of 5,441 put options.

Insider Buying and Selling at Amphenol

In related news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock worth $98,236,640 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

Institutional investors have recently bought and sold shares of the stock. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC increased its holdings in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares during the period. Sachetta LLC raised its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Amphenol during the 2nd quarter valued at approximately $29,000. Finally, New Millennium Group LLC purchased a new stake in shares of Amphenol in the 2nd quarter valued at $31,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on APH shares. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Truist Financial raised their price target on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird lowered their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Bank of America cut their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

View Our Latest Stock Report on Amphenol

Amphenol Price Performance

Shares of APH opened at $64.91 on Thursday. The company has a 50 day moving average of $63.94 and a two-hundred day moving average of $63.81. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol has a twelve month low of $39.34 and a twelve month high of $70.84. The company has a market cap of $77.97 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24.

Amphenol (NYSE:APH – Get Free Report) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts predict that Amphenol will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

About Amphenol

(Get Free Report)

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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