Fidelis Capital Partners LLC Boosts Stock Position in Amphenol Co. (NYSE:APH)

Fidelis Capital Partners LLC raised its position in shares of Amphenol Co. (NYSE:APH) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,755 shares of the electronics maker’s stock after purchasing an additional 434 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Amphenol were worth $531,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after purchasing an additional 158 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Amphenol by 1.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 78,200 shares of the electronics maker’s stock worth $5,107,000 after buying an additional 1,000 shares during the last quarter. abrdn plc boosted its stake in shares of Amphenol by 3.3% in the third quarter. abrdn plc now owns 459,614 shares of the electronics maker’s stock worth $29,622,000 after buying an additional 14,872 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of Amphenol by 2.5% in the third quarter. Hunter Associates Investment Management LLC now owns 20,243 shares of the electronics maker’s stock worth $1,318,000 after buying an additional 488 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of Amphenol in the third quarter worth about $1,094,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent research reports. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group upped their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Bank of America upped their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $68.39 on Thursday. The business has a 50 day simple moving average of $65.21 and a two-hundred day simple moving average of $64.87. Amphenol Co. has a 12 month low of $39.75 and a 12 month high of $71.20. The stock has a market capitalization of $82.15 billion, a P/E ratio of 41.96, a PEG ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

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.