Pacific Excel Wealth Advisors Inc. bought a new position in Amphenol Corporation (NYSE:APH – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,928 shares of the electronics maker’s stock, valued at approximately $1,927,000.
Other hedge funds have also added to or reduced their stakes in the company. Howard Financial Services LTD. grew its holdings in shares of Amphenol by 14.3% in the second quarter. Howard Financial Services LTD. now owns 2,132 shares of the electronics maker’s stock worth $376,000 after acquiring an additional 266 shares during the period. Neville Rodie & Shaw Inc. increased its position in Amphenol by 7.0% during the second quarter. Neville Rodie & Shaw Inc. now owns 13,205 shares of the electronics maker’s stock valued at $2,329,000 after acquiring an additional 860 shares during the last quarter. Somerset Trust Co bought a new position in Amphenol in the second quarter valued at about $619,000. Trilogy Capital Inc. purchased a new position in Amphenol in the second quarter worth about $5,488,000. Finally, First County Bank CT purchased a new position in Amphenol in the second quarter worth about $243,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Stock Up 5.0%
APH stock opened at $171.52 on Wednesday. The business’s 50-day moving average price is $156.89 and its 200-day moving average price is $145.42. The stock has a market cap of $211.48 billion, a P/E ratio of 42.99, a PEG ratio of 1.30 and a beta of 1.24. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. Amphenol Corporation has a twelve month low of $104.71 and a twelve month high of $178.52.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Evercore restated an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. The Goldman Sachs Group upped their target price on shares of Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research upgraded shares of Amphenol from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Rothschild & Co Redburn lifted their price target on shares of Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $191.67.
Get Our Latest Analysis on APH
Insider Buying and Selling at Amphenol
In other news, CEO Richard Adam Norwitt sold 500,000 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $161.57, for a total value of $80,785,000.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $311,427,305.99. This represents a 20.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.
Amphenol Profile
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.
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