Amphenol Co. (NYSE:APH) Shares Bought by abrdn plc

abrdn plc lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,614 shares of the electronics maker’s stock after buying an additional 14,872 shares during the period. abrdn plc’s holdings in Amphenol were worth $29,622,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp lifted its holdings in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after acquiring an additional 75,753 shares during the period. United Services Automobile Association boosted its holdings in Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC grew its position in Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after buying an additional 34,309 shares during the period. Angeles Wealth Management LLC lifted its position in shares of Amphenol by 102.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after acquiring an additional 1,936 shares during the period. Finally, Czech National Bank boosted its stake in shares of Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after acquiring an additional 16,425 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Cowen lifted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Vertical Research began coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial increased their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Price Performance

Amphenol stock opened at $68.39 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market cap of $82.15 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 1 year low of $39.75 and a 1 year high of $71.20. The firm has a 50 day moving average price of $65.21 and a 200 day moving average price of $64.87.

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

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 100,000 shares of the 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 completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.