Amphenol Co. (NYSE:APH) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of Amphenol Co. (NYSE:APH) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,954 shares of the electronics maker’s stock after selling 1,255 shares during the period. Assenagon Asset Management S.A.’s holdings in Amphenol were worth $4,037,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Amphenol by 1.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 718,607 shares of the electronics maker’s stock worth $82,891,000 after acquiring an additional 13,610 shares during the period. State of Alaska Department of Revenue increased its position in Amphenol by 0.8% during the first quarter. State of Alaska Department of Revenue now owns 65,088 shares of the electronics maker’s stock worth $7,507,000 after buying an additional 485 shares in the last quarter. Norden Group LLC increased its position in Amphenol by 1,934.8% during the first quarter. Norden Group LLC now owns 42,792 shares of the electronics maker’s stock worth $4,937,000 after buying an additional 40,689 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Amphenol by 9.9% during the first quarter. First Trust Direct Indexing L.P. now owns 21,505 shares of the electronics maker’s stock worth $2,481,000 after buying an additional 1,944 shares in the last quarter. Finally, Marshall Financial Group LLC increased its position in Amphenol by 5.9% during the first quarter. Marshall Financial Group LLC now owns 9,565 shares of the electronics maker’s stock worth $1,103,000 after buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $68.88 on Wednesday. Amphenol Co. has a one year low of $39.55 and a one year high of $71.20. The stock has a fifty day moving average of $65.19 and a 200-day moving average of $64.85. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, equities analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on 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 filing with the SEC, which is available through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the company’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Vertical Research assumed coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

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.