J. Safra Sarasin Holding AG Reduces Stake in Amphenol Corporation $APH

J. Safra Sarasin Holding AG lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 20.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,838 shares of the electronics maker’s stock after selling 4,118 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Amphenol were worth $1,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of APH. 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 valued at $2,804,338,000 after buying an additional 2,217,079 shares during the last quarter. Norges Bank bought a new position in Amphenol during the second quarter worth about $2,104,244,000. Franklin Resources Inc. increased its stake in shares of Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after purchasing an additional 1,486,105 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 133,966 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Amphenol by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock valued at $581,021,000 after buying an additional 210,551 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, CFO Craig A. Lampo sold 258,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the transaction, the chief financial officer directly owned 167,695 shares in the company, valued at approximately $24,013,924. This represents a 60.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. The trade was a 90.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 498,076 shares of company stock valued at $70,996,906 over the last 90 days. 1.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APH. Citigroup reissued a “buy” rating and set a $175.00 target price (up previously from $160.00) on shares of Amphenol in a report on Monday, January 12th. Truist Financial set a $182.00 price objective on Amphenol in a research note on Tuesday, January 13th. Evercore ISI restated an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a research note on Tuesday, January 20th. JPMorgan Chase & Co. upped their price target on Amphenol from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.54.

Amphenol Stock Up 7.2%

Shares of NYSE APH opened at $166.69 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average of $140.60 and a 200-day moving average of $126.71. The firm has a market capitalization of $204.04 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 0.94 and a beta of 1.21. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $167.04.

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.