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

EFG Asset Management North America Corp. bought a new stake in shares of Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,665 shares of the electronics maker’s stock, valued at approximately $1,196,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Amphenol during the second quarter worth about $2,104,244,000. Holocene Advisors LP boosted its position 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 in the third quarter worth $287,947,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Amphenol in the second quarter valued at $225,757,000. Finally, Geode Capital Management LLC lifted its stake in Amphenol by 8.4% in the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock valued at $2,804,338,000 after buying an additional 2,217,079 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Up 7.2%

Shares of Amphenol stock opened at $166.69 on Wednesday. The business has a fifty day simple moving average of $140.60 and a 200-day simple moving average of $126.71. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $167.04. The firm has a market cap of $204.04 billion, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $183.00 price objective on shares of Amphenol in a report on Thursday, January 15th. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. UBS Group reissued a “buy” rating and issued a $174.00 price objective (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Finally, Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a research note on Friday, January 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.54.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction that occurred on 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 owned 39,884 shares in the company, valued at $5,723,354. The trade was a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 498,076 shares of company stock valued at $70,996,906. 1.67% of the stock is owned by insiders.

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.