Amphenol Corporation $APH Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 1,398.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,087 shares of the electronics maker’s stock after buying an additional 64,477 shares during the quarter. iA Global Asset Management Inc.’s holdings in Amphenol were worth $8,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of Amphenol by 82.6% in the 3rd 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. Riggs Asset Managment Co. Inc. increased 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 purchasing an additional 168 shares during the period. Howard Hughes Medical Institute acquired a new position in Amphenol during the second quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in shares of Amphenol in the 3rd quarter worth approximately $30,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of Amphenol in the second quarter valued at $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, VP Lance E. D’amico sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction that occurred on 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. Over the last ninety days, insiders have sold 698,076 shares of company stock worth $99,081,306. Insiders own 1.67% of the company’s stock.

Amphenol Trading Down 1.0%

NYSE:APH opened at $150.97 on Friday. The business has a 50 day moving average price of $139.45 and a two-hundred day moving average price of $125.44. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market cap of $184.79 billion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. Amphenol Corporation has a twelve month low of $56.45 and a twelve month 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 for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APH. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday. Evercore ISI reiterated an “outperform” rating and set a $165.00 price target on shares of Amphenol in a report on Tuesday. Barclays raised Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $143.00 to $156.00 in a research report on Monday, January 12th. US Capital Advisors set a $165.00 price objective on shares of Amphenol in a research report on Friday, January 9th. Finally, Bank of America raised shares of 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 research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.62.

About Amphenol

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.