GAM Holding AG Has $1.66 Million Stock Position in Amphenol Co. (NYSE:APH)

GAM Holding AG trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 26.7% during the third quarter, Holdings Channel reports. The firm owned 25,446 shares of the electronics maker’s stock after selling 9,269 shares during the period. GAM Holding AG’s holdings in Amphenol were worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Community Trust & Investment Co. boosted its holdings in Amphenol by 0.7% during the third quarter. Community Trust & Investment Co. now owns 271,533 shares of the electronics maker’s stock valued at $17,693,000 after purchasing an additional 1,927 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Amphenol by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock worth $2,553,000 after acquiring an additional 2,061 shares in the last quarter. Eastern Bank acquired a new position in shares of Amphenol in the 3rd quarter worth approximately $54,000. Signaturefd LLC boosted its holdings in shares of Amphenol by 0.9% in the 3rd quarter. Signaturefd LLC now owns 33,103 shares of the electronics maker’s stock worth $2,157,000 after acquiring an additional 288 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Amphenol by 8.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after acquiring an additional 1,432 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock opened at $66.85 on Wednesday. The firm has a market capitalization of $80.30 billion, a P/E ratio of 41.01, a P/E/G ratio of 2.56 and a beta of 1.24. The company’s 50 day moving average price is $64.88 and its two-hundred day moving average price is $64.44. 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 Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on APH shares. Robert W. Baird dropped their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Bank of America reduced their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Truist Financial upped their target price on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. UBS Group upped their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.