Simplicity Wealth LLC Has $1.01 Million Position in Amphenol Corporation $APH

Simplicity Wealth LLC decreased its stake in Amphenol Corporation (NYSE:APH) by 64.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,127 shares of the electronics maker’s stock after selling 14,941 shares during the period. Simplicity Wealth LLC’s holdings in Amphenol were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Amphenol in the 2nd quarter valued at $2,104,244,000. Holocene Advisors LP increased its holdings in Amphenol by 201.2% in the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock worth $381,909,000 after purchasing an additional 2,583,628 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Amphenol in the second quarter valued at about $225,757,000. Geode Capital Management LLC boosted its stake in shares of Amphenol by 8.4% during 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 purchasing an additional 2,217,079 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Amphenol by 8,384.3% during the second quarter. 1832 Asset Management L.P. now owns 1,802,819 shares of the electronics maker’s stock worth $178,028,000 after purchasing an additional 1,781,570 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 698,076 shares of company stock worth $99,081,306 in the last quarter. 1.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on APH shares. Citigroup reiterated a “buy” rating and issued a $175.00 price objective (up previously from $160.00) on shares of Amphenol in a report on Monday, January 12th. UBS Group reaffirmed a “buy” rating and set a $174.00 price target (up previously from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $183.00 price objective on shares of Amphenol in a research note on Thursday, January 15th. Barclays upgraded Amphenol from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $143.00 to $156.00 in a report on Monday, January 12th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $165.00 target price on shares of Amphenol in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.62.

Amphenol Price Performance

Shares of NYSE APH opened at $150.97 on Friday. The company 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. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $157.54. The firm has a fifty day simple moving average of $139.45 and a 200 day simple moving average of $125.44.

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

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.