Arkadios Wealth Advisors Purchases 12,161 Shares of Amphenol Co. (NYSE:APH)

Arkadios Wealth Advisors lifted its position in shares of Amphenol Co. (NYSE:APH) by 36.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,982 shares of the electronics maker’s stock after purchasing an additional 12,161 shares during the quarter. Arkadios Wealth Advisors’ holdings in Amphenol were worth $2,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Amphenol by 0.4% during the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after purchasing an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after purchasing an additional 1,979,022 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after purchasing an additional 9,487,387 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after purchasing an additional 7,275,279 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APH shares. Evercore ISI lifted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday. Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday. Finally, UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Stock Performance

Shares of APH opened at $69.41 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $65.10 and a two-hundred day simple moving average of $64.63. The stock has a market cap of $83.38 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 52 week low of $39.48 and a 52 week high of $71.20.

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

Insider Buying and Selling

In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 570,000 shares of company stock worth $37,209,000. 1.80% of the stock is owned by corporate insiders.

Amphenol Company Profile

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.