Convergence Financial LLC Sells 485 Shares of Amphenol Co. (NYSE:APH)

Convergence Financial LLC lowered its holdings in Amphenol Co. (NYSE:APH) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,153 shares of the electronics maker’s stock after selling 485 shares during the period. Convergence Financial LLC’s holdings in Amphenol were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC grew its position in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC grew its position in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the period. Finally, Sachetta LLC grew its position in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 0.6 %

APH opened at $69.41 on Friday. Amphenol Co. has a fifty-two week low of $39.48 and a fifty-two week 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 firm has a market capitalization of $83.38 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.56 and a beta of 1.24. The company’s 50 day moving average price is $65.03 and its two-hundred day moving average price is $64.51.

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. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, research analysts predict that Amphenol Co. will post 1.76 earnings per share for the current year.

Insider Transactions at Amphenol

In other news, 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 transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 570,000 shares of company stock worth $37,209,000. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APH. Truist Financial lifted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird lifted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Cowen lifted 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

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.