Valley National Advisers Inc. Grows Position in Amphenol Co. (NYSE:APH)

Valley National Advisers Inc. increased its position in shares of Amphenol Co. (NYSE:APH) by 1,454.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,305 shares of the electronics maker’s stock after purchasing an additional 27,420 shares during the period. Valley National Advisers Inc.’s holdings in Amphenol were worth $1,908,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APH. B. Riley Wealth Advisors Inc. raised its stake in shares of Amphenol by 0.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after acquiring an additional 80 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after buying an additional 81 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after buying an additional 88 shares during the last quarter. Nicolet Advisory Services LLC raised its position in Amphenol by 3.4% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its position in Amphenol by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 12,696 shares of the electronics maker’s stock valued at $1,464,000 after purchasing an additional 108 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Lance E. D’amico sold 100,000 shares of the business’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 value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Lance E. D’amico sold 100,000 shares of the company’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 directly owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 570,000 shares of company stock worth $37,209,000 in the last three months. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on APH. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. UBS Group increased their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note 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 note on Thursday. Finally, Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Price Performance

Shares of NYSE 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 firm’s 50-day simple moving average is $65.10 and its 200 day simple moving average is $64.63. Amphenol Co. has a fifty-two week low of $39.48 and a fifty-two week high of $71.20. The stock has a market cap of $83.38 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly 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. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $0.39 EPS. Amphenol’s revenue was up 26.3% on a year-over-year basis. Equities analysts expect that Amphenol Co. will post 1.76 EPS for the current year.

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.