Amphenol Corporation $APH Position Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in Amphenol Corporation (NYSE:APH) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243,181 shares of the electronics maker’s stock after purchasing an additional 4,364 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Amphenol were worth $30,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its stake in 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 during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Amphenol in the 3rd quarter valued at about $30,000. Riggs Asset Managment Co. Inc. grew its position in shares of Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in Amphenol during the second quarter worth about $26,000. Finally, Evolution Wealth Management Inc. bought a new position in Amphenol in the second quarter worth about $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 1.0%

APH stock opened at $150.97 on Monday. The firm’s 50-day moving average is $139.45 and its two-hundred day moving average is $125.83. The company has a market capitalization of $184.79 billion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $157.54. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

Wall Street Analyst Weigh In

Several research firms have recently commented on APH. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Citigroup restated a “buy” rating and set a $175.00 price objective (up from $160.00) on shares of Amphenol in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their target price on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Truist Financial set a $182.00 price target on shares of Amphenol in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $183.00 price objective on shares of Amphenol in a research report on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.62.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 120,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares in the company, valued at $10,696,764. This represents a 61.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 698,076 shares of company stock worth $99,081,306 in the last three months. 1.67% of the stock is currently owned by company insiders.

Amphenol Company 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.