Lyell Wealth Management LP Acquires 22,012 Shares of Amphenol Corporation (NYSE:APH)

Lyell Wealth Management LP increased its holdings in Amphenol Corporation (NYSE:APH) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,069 shares of the electronics maker’s stock after purchasing an additional 22,012 shares during the period. Amphenol makes up 1.2% of Lyell Wealth Management LP’s portfolio, making the stock its 26th biggest position. Lyell Wealth Management LP’s holdings in Amphenol were worth $12,467,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Davis R M Inc. increased its position in Amphenol by 0.5% in the 1st quarter. Davis R M Inc. now owns 1,474,291 shares of the electronics maker’s stock valued at $96,699,000 after acquiring an additional 6,930 shares during the period. North Star Asset Management Inc. raised its holdings in Amphenol by 0.6% in the first quarter. North Star Asset Management Inc. now owns 266,256 shares of the electronics maker’s stock worth $17,464,000 after buying an additional 1,577 shares during the last quarter. Tower Bridge Advisors bought a new stake in Amphenol during the 1st quarter worth approximately $262,000. Baader Bank Aktiengesellschaft lifted its position in shares of Amphenol by 25.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 19,089 shares of the electronics maker’s stock worth $1,223,000 after purchasing an additional 3,866 shares during the last quarter. Finally, Eastern Bank grew its stake in shares of Amphenol by 79.2% during the first quarter. Eastern Bank now owns 1,491 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 659 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APH shares. Truist Financial upped their target price on Amphenol from $102.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. UBS Group raised their price target on Amphenol from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Amphenol from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Citigroup upped their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $102.23.

Amphenol Stock Performance

Shares of APH stock opened at $105.42 on Thursday. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $108.85. The business has a 50-day simple moving average of $96.19 and a 200-day simple moving average of $79.12. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The stock has a market cap of $128.71 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Insider Activity

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 799,500 shares of company stock valued at $70,053,885 over the last quarter. 1.67% of the stock is owned by corporate insiders.

About Amphenol

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.