Amphenol Co. (NYSE:APH) Stock Position Increased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. grew its position in Amphenol Co. (NYSE:APH) by 61.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,599 shares of the electronics maker’s stock after purchasing an additional 5,564 shares during the period. Legacy Capital Group California Inc.’s holdings in Amphenol were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APH. Dakota Wealth Management boosted its position in Amphenol by 8.6% during the 3rd quarter. Dakota Wealth Management now owns 39,049 shares of the electronics maker’s stock worth $2,544,000 after acquiring an additional 3,076 shares during the period. Mcdaniel Terry & Co. raised its position in Amphenol by 1.2% in the third quarter. Mcdaniel Terry & Co. now owns 410,021 shares of the electronics maker’s stock worth $26,717,000 after acquiring an additional 4,717 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Amphenol in the 3rd quarter valued at about $81,670,000. Commerzbank Aktiengesellschaft FI lifted its holdings in Amphenol by 36.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 7,188 shares of the electronics maker’s stock valued at $469,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Community Trust & Investment Co. boosted its position in shares of Amphenol by 0.7% during the 3rd quarter. Community Trust & Investment Co. now owns 271,533 shares of the electronics maker’s stock valued at $17,693,000 after purchasing an additional 1,927 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 570,000 shares of company stock worth $37,209,000. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Vertical Research began coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.17.

Amphenol Stock Performance

APH stock opened at $69.81 on Friday. The firm has a 50 day moving average of $64.96 and a two-hundred day moving average of $64.47. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $71.20. The company has a market capitalization of $83.86 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the business earned $0.39 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Company Profile

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.