Envestnet Portfolio Solutions Inc. Acquires 87,178 Shares of Amphenol Corporation $APH

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 144.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,459 shares of the electronics maker’s stock after purchasing an additional 87,178 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Amphenol were worth $18,248,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of 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 period. Norges Bank acquired a new position in Amphenol in the 2nd quarter worth $2,104,244,000. Franklin Resources Inc. increased its holdings in Amphenol by 13.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after purchasing an additional 1,486,105 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Amphenol by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock valued at $699,998,000 after purchasing an additional 133,966 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Amphenol by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock valued at $581,021,000 after purchasing an additional 210,551 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and set a $174.00 price objective (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI restated an “outperform” rating and set a $165.00 target price on shares of Amphenol in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $183.00 target price on shares of Amphenol in a research report on Thursday, January 15th. Finally, Barclays raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $143.00 to $156.00 in a research report on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.62.

Amphenol Stock Down 1.0%

Amphenol stock opened at $150.97 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The company’s 50-day moving average is $139.45 and its 200-day moving average is $125.44. The firm has a market capitalization of $184.79 billion, a PE ratio of 50.32, a P/E/G ratio of 0.96 and a beta of 1.21. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $157.54.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. Amphenol’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total transaction of $11,360,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 698,076 shares of company stock valued at $99,081,306. Corporate insiders own 1.67% of the company’s stock.

Amphenol Company Profile

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.