Forsta AP Fonden Purchases 26,200 Shares of Amphenol Co. (NYSE:APH)

Forsta AP Fonden raised its position in shares of Amphenol Co. (NYSE:APH) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,100 shares of the electronics maker’s stock after acquiring an additional 26,200 shares during the period. Forsta AP Fonden’s holdings in Amphenol were worth $20,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Amphenol by 69.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Amphenol by 88.9% in the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Amphenol by 263.0% in the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after purchasing an additional 2,585,282 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This represents a 0.00 % 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 Luc Walter sold 170,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 570,000 shares of company stock worth $37,209,000 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

APH stock opened at $69.41 on Friday. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.56 and a beta of 1.24. The firm has a 50-day simple moving average of $65.10 and a two-hundred day simple moving average of $64.63. Amphenol Co. has a one year low of $39.48 and a one year high of $71.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group upped their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.