Macguire Cheswick & Tuttle Investment Counsel LLC raised its holdings in Amphenol Corporation (NYSE:APH) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,482 shares of the electronics maker’s stock after acquiring an additional 3,505 shares during the quarter. Amphenol Corporation accounts for about 3.2% of Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings, making the stock its 7th biggest position. Macguire Cheswick & Tuttle Investment Counsel LLC owned about 0.06% of Amphenol Corporation worth $16,376,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Parametrica Management Ltd acquired a new position in shares of Amphenol Corporation during the 3rd quarter worth $277,000. Copeland Capital Management LLC acquired a new position in shares of Amphenol Corporation during the 3rd quarter worth $2,033,000. Crossmark Global Holdings Inc. acquired a new position in shares of Amphenol Corporation during the 3rd quarter worth $3,008,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Amphenol Corporation by 2.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 76,035 shares of the electronics maker’s stock worth $6,436,000 after buying an additional 1,574 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of Amphenol Corporation by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 60,288 shares of the electronics maker’s stock worth $5,103,000 after buying an additional 2,205 shares during the last quarter. 96.90% of the stock is owned by institutional investors.
Amphenol Corporation (APH) traded down 0.25% during mid-day trading on Wednesday, reaching $86.78. The company had a trading volume of 344,255 shares. The stock’s 50-day moving average is $84.94 and its 200 day moving average is $77.88. The firm has a market capitalization of $26.51 billion, a P/E ratio of 29.22 and a beta of 0.79. Amphenol Corporation has a 12 month low of $64.73 and a 12 month high of $88.19.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. On average, analysts predict that Amphenol Corporation will post $3.21 earnings per share for the current fiscal year.
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In related news, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total value of $15,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total value of $1,195,500.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,188,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 741,200 shares of company stock valued at $60,429,446. Company insiders own 2.51% of the company’s stock.
Several research firms have recently issued reports on APH. BidaskClub raised Amphenol Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) downgraded Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $78.00 in a research note on Wednesday, July 5th. Canaccord Genuity reaffirmed a “hold” rating on shares of Amphenol Corporation in a research note on Monday, October 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $86.78.
Amphenol Corporation Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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