Amphenol Co. (NYSE:APH) Shares Sold by Allworth Financial LP

Allworth Financial LP lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 2.8% in the third quarter, Holdings Channel.com reports. The firm owned 7,956 shares of the electronics maker’s stock after selling 231 shares during the period. Allworth Financial LP’s holdings in Amphenol were worth $518,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC grew its stake in Amphenol by 121.2% during the 2nd 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 in the last quarter. New England Capital Financial Advisors LLC grew its stake in Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC grew its stake in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Amphenol Stock Up 0.3 %

APH stock opened at $68.88 on Wednesday. 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 Co. has a fifty-two week low of $39.55 and a fifty-two week high of $71.20. The firm’s 50-day simple moving average is $65.19 and its 200 day simple moving average is $64.85. The stock has a market cap of $82.74 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on APH. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. UBS Group increased their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

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.