Amphenol Corporation $APH is JLB & Associates Inc.’s 2nd Largest Position

JLB & Associates Inc. lowered its holdings in Amphenol Corporation (NYSE:APH) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 312,108 shares of the electronics maker’s stock after selling 17,782 shares during the quarter. Amphenol comprises 5.1% of JLB & Associates Inc.’s investment portfolio, making the stock its 2nd biggest holding. JLB & Associates Inc.’s holdings in Amphenol were worth $38,623,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Amphenol by 8.4% during the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after buying an additional 2,217,079 shares during the last quarter. Norges Bank acquired a new stake in Amphenol during the 2nd quarter worth $2,104,244,000. Franklin Resources Inc. lifted its position in Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after acquiring an additional 1,486,105 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amphenol by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock valued at $699,998,000 after acquiring an additional 133,966 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Amphenol by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock worth $581,021,000 after purchasing an additional 210,551 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $152.50 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $157.54. The company has a 50-day simple moving average of $139.09 and a 200-day simple moving average of $125.07. The company has a market capitalization of $186.67 billion, a PE ratio of 50.83, a P/E/G ratio of 0.97 and a beta of 1.21.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Equities research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total value of $5,750,906.00. Following the transaction, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at $5,723,354. This trade represents a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 698,076 shares of company stock valued at $99,081,306 in the last three months. 1.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of several research analyst reports. Truist Financial set a $182.00 price target on Amphenol in a research report on Tuesday, January 13th. UBS Group reiterated a “buy” rating and set a $174.00 price target (up previously from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Barclays raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $143.00 to $156.00 in a report on Monday, January 12th. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. upped their price objective on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.62.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.