Amphenol Corporation $APH Shares Sold by Coign Capital Advisors LLC

Coign Capital Advisors LLC decreased its position in Amphenol Corporation (NYSE:APH) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,021 shares of the electronics maker’s stock after selling 3,540 shares during the period. Coign Capital Advisors LLC’s holdings in Amphenol were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APH. Geode Capital Management LLC increased its position in Amphenol by 8.4% in the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock valued at $2,804,338,000 after acquiring an additional 2,217,079 shares during the period. Norges Bank bought a new position in shares of Amphenol in the second quarter worth $2,104,244,000. Franklin Resources Inc. increased its holdings in shares of Amphenol by 13.4% during the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after purchasing an additional 1,486,105 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 valued at $699,998,000 after purchasing an additional 133,966 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Amphenol by 3.7% in the second 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 period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on APH shares. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. UBS Group reiterated a “buy” rating and set a $174.00 price target (up from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Finally, Bank of America upgraded 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 report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.62.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 698,076 shares of company stock worth $99,081,306. Company insiders own 1.67% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $152.50 on Friday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $157.54. The business’s fifty day moving average is $139.09 and its two-hundred day moving average is $125.07. The stock has a market capitalization of $186.67 billion, a P/E ratio of 50.83, a P/E/G ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue was up 53.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. On average, research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

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.