Amphenol Co. (NYSE:APH) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in shares of Amphenol Co. (NYSE:APH) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,800 shares of the electronics maker’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Amphenol were worth $4,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Amphenol by 0.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after purchasing an additional 80 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Amphenol by 1.7% in the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 81 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Amphenol by 1.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in shares of Amphenol by 3.4% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Amphenol by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 12,696 shares of the electronics maker’s stock worth $1,464,000 after purchasing an additional 108 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 0.6 %

Shares of APH opened at $69.41 on Friday. The firm has a market capitalization of $83.38 billion, a price-to-earnings ratio of 42.58, a PEG 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. The business’s fifty day moving average price is $65.10 and its two-hundred day moving average price is $64.63. Amphenol Co. has a 52 week low of $39.48 and a 52 week high of $71.20.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on APH. Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday. Finally, Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday. Five investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 570,000 shares of company stock valued at $37,209,000 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.