Amphenol Corporation (NYSE:APH) CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Richard Adam Norwitt also recently made the following trade(s):

  • On Thursday, August 3rd, Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00.

Shares of Amphenol Corporation (NYSE APH) traded down 0.02% during mid-day trading on Wednesday, reaching $86.98. The company had a trading volume of 218,300 shares. The company has a market capitalization of $26.57 billion, a PE ratio of 29.29 and a beta of 0.79. The company’s 50-day moving average price is $84.94 and its 200-day moving average price is $77.88. Amphenol Corporation has a 52-week low of $64.73 and a 52-week high of $88.19.

Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Amphenol Corporation will post $3.21 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/01/richard-adam-norwitt-sells-220000-shares-of-amphenol-corporation-aph-stock.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Amphenol Corporation during the second quarter valued at about $392,000. Whittier Trust Co. raised its position in Amphenol Corporation by 3,390.3% in the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after purchasing an additional 86,792 shares in the last quarter. Marvin & Palmer Associates Inc. raised its position in Amphenol Corporation by 27.0% in the second quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after purchasing an additional 12,855 shares in the last quarter. Eagle Asset Management Inc. raised its position in Amphenol Corporation by 14.0% in the second quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after purchasing an additional 52,976 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Amphenol Corporation by 14.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 699,047 shares of the electronics maker’s stock worth $51,604,000 after purchasing an additional 87,704 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

APH has been the topic of several research reports. Cowen and Company reissued an “outperform” rating and issued a $95.00 price objective (up 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 lifted their target price for the stock 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 target price (up 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 target price (up from $80.00) on shares of Amphenol Corporation in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corporation has an average rating of “Buy” and an average target price of $86.78.

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.

Insider Buying and Selling by Quarter for Amphenol Corporation (NYSE:APH)

Receive News & Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related companies with MarketBeat.com's FREE daily email newsletter.