Nilsine Partners LLC Acquires 511 Shares of Amphenol Co. (NYSE:APH)

Nilsine Partners LLC increased its stake in shares of Amphenol Co. (NYSE:APH) by 13.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,312 shares of the electronics maker’s stock after buying an additional 511 shares during the quarter. Nilsine Partners LLC’s holdings in Amphenol were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in APH. Trifecta Capital Advisors LLC increased its position in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC raised its position in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 1.1 %

Shares of APH opened at $69.34 on Thursday. The company has a market capitalization of $83.60 billion, a PE ratio of 36.21, a PEG ratio of 2.12 and a beta of 1.24. The stock’s 50-day moving average price is $72.02 and its two-hundred day moving average price is $67.96. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $50.48 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. On average, analysts anticipate that Amphenol Co. will post 2.17 EPS for the current year.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now owns 14,000 shares in the company, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 over the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on APH shares. Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.