Amphenol Corporation $APH Shares Bought by GDS Wealth Management

GDS Wealth Management increased its position in Amphenol Corporation (NYSE:APH) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,883 shares of the electronics maker’s stock after buying an additional 5,267 shares during the quarter. GDS Wealth Management’s holdings in Amphenol were worth $17,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Financial Management Professionals Inc. grew its stake in shares of Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Amphenol in the second quarter valued at $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Amphenol during the 3rd quarter valued at $30,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Amphenol during the 2nd quarter worth $31,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

APH stock opened at $150.97 on Friday. The stock has a market cap of $184.79 billion, a P/E ratio of 50.32, a P/E/G ratio of 0.95 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. The firm has a 50 day simple moving average of $139.45 and a 200 day simple moving average of $125.63. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $157.54.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on APH shares. Barclays raised Amphenol from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $143.00 to $156.00 in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the stock an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, UBS Group reiterated a “buy” rating and set a $174.00 price objective (up from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $147.62.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the completion of the sale, the chief financial officer directly owned 39,884 shares in the company, valued at $5,723,354. The trade was a 50.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 698,076 shares of company stock worth $99,081,306 in the last ninety days. Company insiders own 1.67% of the company’s stock.

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.