Mayfair Advisory Group LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Mayfair Advisory Group LLC purchased a new stake in shares of Amphenol Co. (NYSE:APH) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 3,397 shares of the electronics maker’s stock, valued at approximately $212,000.

A number of other hedge funds also recently bought and sold shares of APH. Wealth Enhancement Advisory Services LLC boosted its holdings in Amphenol by 15.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock valued at $6,237,000 after acquiring an additional 7,054 shares during the period. Webster Bank N. A. boosted its holdings in Amphenol by 16.2% during the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 97 shares during the period. Vicus Capital bought a new stake in Amphenol during the first quarter valued at about $227,000. Fox Hill Wealth Management bought a new stake in Amphenol during the first quarter valued at about $1,764,000. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Amphenol in the first quarter valued at about $223,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APH has been the subject of several research reports. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group increased their target price 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. Finally, 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 target price for the company. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 170,000 shares of the firm’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 directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amphenol news, insider Luc Walter sold 170,000 shares of the firm’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 directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The stock was 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. Over the last ninety days, insiders have sold 570,000 shares of company stock valued at $37,209,000. 1.80% of the stock is currently owned by insiders.

Amphenol Stock Performance

Shares of Amphenol stock opened at $69.41 on Friday. 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 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. The firm has a 50 day simple moving average of $65.03 and a 200 day simple moving average of $64.51. Amphenol Co. has a fifty-two week low of $39.48 and a fifty-two week high of $71.20.

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, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Sell-side analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

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.