Amphenol Co. (NYSE:APH) Shares Sold by GAM Holding AG

GAM Holding AG lessened its stake in shares of Amphenol Co. (NYSE:APH) by 26.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,446 shares of the electronics maker’s stock after selling 9,269 shares during the quarter. GAM Holding AG’s holdings in Amphenol were worth $1,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of APH. Revolve Wealth Partners LLC acquired a new position in shares of Amphenol in the first quarter worth about $208,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Amphenol by 15.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock worth $6,237,000 after acquiring an additional 7,054 shares in the last quarter. Transform Wealth LLC lifted its stake in shares of Amphenol by 16.4% in the first quarter. Transform Wealth LLC now owns 3,996 shares of the electronics maker’s stock worth $462,000 after acquiring an additional 564 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Amphenol by 2.9% in the first quarter. Harbour Capital Advisors LLC now owns 15,703 shares of the electronics maker’s stock worth $1,775,000 after acquiring an additional 440 shares in the last quarter. Finally, Asio Capital LLC acquired a new position in shares of Amphenol in the first quarter worth about $2,174,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $66.85 on Wednesday. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The stock’s 50-day moving average is $64.88 and its two-hundred day moving average is $64.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The firm has a market cap of $80.30 billion, a P/E ratio of 41.01, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APH. UBS Group boosted their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Bank of America lowered their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Robert W. Baird lowered their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Finally, Truist Financial upped their target price on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.50.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The stock was 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 in the company, 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. Over the last ninety days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

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.