Teacher Retirement System of Texas Raises Holdings in Amphenol Corporation $APH

Teacher Retirement System of Texas raised its position in Amphenol Corporation (NYSE:APH) by 4.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 651,977 shares of the electronics maker’s stock after purchasing an additional 27,878 shares during the period. Teacher Retirement System of Texas owned 0.05% of Amphenol worth $80,682,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its position in Amphenol by 8.4% during the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after acquiring an additional 2,217,079 shares during the last quarter. Norges Bank purchased a new stake in Amphenol in the 2nd quarter valued at $2,104,244,000. Franklin Resources Inc. increased its stake in shares of Amphenol by 13.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after acquiring an additional 1,486,105 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Amphenol by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock worth $699,998,000 after acquiring an additional 133,966 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Amphenol by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock valued at $581,021,000 after purchasing an additional 210,551 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total value of $36,945,600.00. Following the completion of the transaction, the chief financial officer owned 167,695 shares in the company, valued at $24,013,924. The trade was a 60.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on 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 owned 12,500 shares in the company, valued at $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 698,076 shares of company stock valued at $99,081,306. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $152.50 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The company has a market cap of $186.67 billion, a P/E ratio of 50.83, a P/E/G ratio of 0.97 and a beta of 1.21. The stock has a 50-day moving average of $139.09 and a two-hundred day moving average of $125.07. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $157.54.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. As a group, analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. Fox Advisors reiterated an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Citigroup restated a “buy” rating and issued a $175.00 target price (up previously from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and upped their price target for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Evercore ISI reissued an “outperform” rating and set a $165.00 price objective on shares of Amphenol in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $147.62.

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.