Amphenol Corporation $APH Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Amphenol Corporation (NYSE:APH) by 15.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 24,000,408 shares of the electronics maker’s stock after selling 4,278,253 shares during the quarter. Amphenol comprises about 0.5% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 27th largest position. Bank of New York Mellon Corp’s holdings in Amphenol were worth $2,970,050,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake 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 purchasing an additional 2,217,079 shares during the last quarter. Norges Bank acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $2,104,244,000. Franklin Resources Inc. grew its stake in Amphenol by 13.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after buying an additional 1,486,105 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Amphenol by 1.9% during the second 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 last quarter. Finally, Envestnet Asset Management Inc. grew its position in Amphenol by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock worth $581,021,000 after purchasing an additional 210,551 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent analyst reports. US Capital Advisors set a $165.00 price objective on Amphenol in a report on Friday, January 9th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Truist Financial set a $182.00 price target on Amphenol in a report on Tuesday, January 13th. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research note on Friday, January 9th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $149.54.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction 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. Insiders sold a total of 498,076 shares of company stock valued at $70,996,906 over the last ninety days. Insiders own 1.67% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $166.69 on Wednesday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $167.04. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The stock has a market cap of $204.04 billion, a PE ratio of 55.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company’s 50-day moving average price is $140.60 and its two-hundred day moving average price is $126.71.

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.