First Citizens Bank & Trust Co. Purchases New Shares in Amphenol Corporation $APH

First Citizens Bank & Trust Co. purchased a new position in shares of Amphenol Corporation (NYSE:APH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 101,166 shares of the electronics maker’s stock, valued at approximately $12,519,000.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. boosted its stake in shares of Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after buying an additional 90 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares during the period. Howard Hughes Medical Institute acquired a new position in Amphenol in the 2nd quarter valued at $26,000. Alpine Bank Wealth Management bought a new stake in shares of Amphenol during the 3rd quarter valued at $30,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of Amphenol in the second quarter worth $31,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at approximately $10,696,764. This represents a 61.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 698,076 shares of company stock worth $99,081,306 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday. Barclays raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $143.00 to $156.00 in a report on Monday, January 12th. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. UBS Group restated a “buy” rating and set a $174.00 target price (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $183.00 price target on shares of Amphenol in a research note on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.62.

Amphenol Trading Down 1.0%

NYSE APH opened at $150.97 on Friday. The company has a market cap of $184.79 billion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 0.95 and a beta of 1.21. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $157.54. 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 business’s fifty day moving average is $139.45 and its 200 day moving average is $125.63.

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, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

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.