Hunter Associates Investment Management LLC Has $2.01 Million Stock Holdings in Amphenol Corporation $APH

Hunter Associates Investment Management LLC reduced its stake in Amphenol Corporation (NYSE:APH) by 18.5% during the 3rd quarter, Holdings Channel reports. The fund owned 16,259 shares of the electronics maker’s stock after selling 3,682 shares during the period. Hunter Associates Investment Management LLC’s holdings in Amphenol were worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Amphenol by 144.6% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 147,459 shares of the electronics maker’s stock worth $18,248,000 after purchasing an additional 87,178 shares during the period. Teacher Retirement System of Texas increased its position in Amphenol by 4.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 651,977 shares of the electronics maker’s stock worth $80,682,000 after buying an additional 27,878 shares during the period. Wendell David Associates Inc. lifted its holdings in shares of Amphenol by 27.0% during the third quarter. Wendell David Associates Inc. now owns 52,420 shares of the electronics maker’s stock worth $6,487,000 after buying an additional 11,150 shares in the last quarter. Arcus Capital Partners LLC bought a new stake in shares of Amphenol in the third quarter valued at about $960,000. Finally, Facet Wealth Inc. acquired a new position in shares of Amphenol in the third quarter valued at about $311,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 1.0%

Shares of APH stock opened at $150.97 on Friday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $157.54. The stock’s fifty day moving average price is $139.45 and its two-hundred day moving average price is $125.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market cap 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 (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.Amphenol’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 120,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 258,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the transaction, the chief financial officer owned 167,695 shares of the company’s stock, valued at approximately $24,013,924. This represents a 60.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 698,076 shares of company stock worth $99,081,306 in the last ninety days. Insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APH. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and raised their target price for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. US Capital Advisors set a $165.00 price objective on Amphenol in a research note on Friday, January 9th. Citigroup reaffirmed a “buy” rating and issued a $175.00 price objective (up from $160.00) on shares of Amphenol in a report on Monday, January 12th. Barclays raised Amphenol from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $143.00 to $156.00 in a report on Monday, January 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.62.

Amphenol 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.