NorthCrest Asset Manangement LLC Has $17.86 Million Stock Position in Amphenol Co. (NYSE:APH)

NorthCrest Asset Manangement LLC grew its stake in Amphenol Co. (NYSE:APH) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,115 shares of the electronics maker’s stock after buying an additional 10,890 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Amphenol were worth $17,861,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its holdings in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after purchasing an additional 80 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Amphenol by 1.7% during the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after acquiring an additional 81 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in Amphenol by 1.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 88 shares in the last quarter. Nicolet Advisory Services LLC increased its position in shares of Amphenol by 3.4% during the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares during the last quarter. Finally, Webster Bank N. A. raised its stake in shares of Amphenol by 16.2% during the 1st quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at $28,703,339. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 570,000 shares of company stock valued at $37,209,000 over the last quarter. 1.80% of the stock is owned by company insiders.

Amphenol Price Performance

NYSE:APH traded down $0.39 during trading hours on Friday, hitting $69.41. The company’s stock had a trading volume of 7,041,134 shares, compared to its average volume of 6,628,799. Amphenol Co. has a twelve month low of $39.48 and a twelve month high of $71.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The stock has a fifty day simple moving average of $65.03 and a 200-day simple moving average of $64.51. The company has a market capitalization of $83.38 billion, a P/E ratio of 42.58, a PEG ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APH shares. TD Cowen boosted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group lifted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

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.