EFG Asset Management North America Corp. Purchases New Shares in Amphenol Corporation $APH

EFG Asset Management North America Corp. purchased a new position in Amphenol Corporation (NYSE:APH) during the third quarter, Holdings Channel.com reports. The firm purchased 9,665 shares of the electronics maker’s stock, valued at approximately $1,196,000.

A number of other hedge funds also recently bought and sold shares of APH. Norges Bank acquired a new stake in shares of Amphenol during the second quarter valued at approximately $2,104,244,000. Holocene Advisors LP raised its stake in Amphenol by 201.2% during the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock valued at $381,909,000 after purchasing an additional 2,583,628 shares during the period. Jennison Associates LLC acquired a new stake in Amphenol during the 3rd quarter valued at $287,947,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Amphenol in the second quarter worth $225,757,000. Finally, Geode Capital Management LLC boosted its position in shares of Amphenol by 8.4% in 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 buying an additional 2,217,079 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

NYSE APH opened at $166.69 on Wednesday. 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 stock has a market capitalization 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. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $167.04. The company has a 50 day moving average price of $140.60 and a two-hundred day moving average price of $126.71.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total transaction of $11,360,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 498,076 shares of company stock worth $70,996,906. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup reissued a “buy” rating and issued a $175.00 price objective (up from $160.00) on shares of Amphenol in a research note on Monday, January 12th. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $149.54.

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.