Jean-Luc Gavelle Sells 88,000 Shares of Amphenol Corporation (APH) Stock
Amphenol Corporation (NYSE:APH) VP Jean-Luc Gavelle sold 88,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $86.37, for a total value of $7,600,560.00. Following the sale, the vice president now owns 48,000 shares of the company’s stock, valued at $4,145,760. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Amphenol Corporation (NYSE APH) traded down 0.83% on Monday, hitting $85.88. The stock had a trading volume of 158,787 shares. The company has a market cap of $26.23 billion, a P/E ratio of 28.92 and a beta of 0.78. The company has a 50-day moving average of $84.65 and a 200-day moving average of $77.57. Amphenol Corporation has a 52-week low of $64.73 and a 52-week high of $88.19.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. Amphenol Corporation’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, equities analysts anticipate that Amphenol Corporation will post $3.20 EPS for the current fiscal year.
APH has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed an “outperform” rating and set a $95.00 price target (up previously from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) lowered Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their price target for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target (up previously from $80.00) on shares of Amphenol Corporation in a research report on Thursday, October 5th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.78.
Several hedge funds have recently modified their holdings of the company. Macguire Cheswick & Tuttle Investment Counsel LLC increased its position in shares of Amphenol Corporation by 1.8% during the third quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 193,482 shares of the electronics maker’s stock worth $16,376,000 after purchasing an additional 3,505 shares in the last quarter. Parametrica Management Ltd acquired a new position in shares of Amphenol Corporation during the third quarter worth $277,000. Copeland Capital Management LLC acquired a new position in shares of Amphenol Corporation during the third quarter worth $2,033,000. Crossmark Global Holdings Inc. acquired a new position in shares of Amphenol Corporation during the third quarter worth $3,008,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Amphenol Corporation by 2.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 76,035 shares of the electronics maker’s stock worth $6,436,000 after purchasing an additional 1,574 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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