Amphenol Corporation $APH Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 23.1% during the third quarter, Holdings Channel reports. The fund owned 75,327 shares of the electronics maker’s stock after selling 22,625 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Amphenol were worth $9,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Bruce G. Allen Investments LLC grew its position in shares of Amphenol by 9.4% during the third quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock worth $121,000 after buying an additional 84 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Allen Capital Group LLC increased its holdings in Amphenol by 3.2% in the third quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock valued at $373,000 after buying an additional 92 shares during the last quarter. Bell Investment Advisors Inc raised its stake in Amphenol by 19.2% in the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock valued at $58,000 after buying an additional 95 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Amphenol by 9.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock worth $113,000 after buying an additional 98 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the company’s 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 sale, the chief financial officer owned 39,884 shares of the company’s stock, valued at approximately $5,723,354. This represents a 50.12% 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, VP David M. Silverman sold 120,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 698,076 shares of company stock worth $99,081,306 over the last quarter. Insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on APH shares. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. JPMorgan Chase & Co. upped their target price on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Truist Financial set a $182.00 target price on shares of Amphenol in a research report on Tuesday, January 13th. UBS Group reissued a “buy” rating and set a $174.00 price objective (up from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Finally, Evercore ISI reiterated an “outperform” rating and set a $165.00 target price on shares of Amphenol in a research note on Tuesday, January 20th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.62.

Amphenol Price Performance

Shares of NYSE APH opened at $155.71 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. Amphenol Corporation has a one year low of $56.45 and a one year high of $157.54. The company’s fifty day moving average is $139.92 and its two-hundred day moving average is $126.23. The firm has a market capitalization of $190.60 billion, a P/E ratio of 51.90, a PEG ratio of 0.92 and a beta of 1.21.

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.