Hunter Associates Investment Management LLC Sells 3,682 Shares of Amphenol Corporation $APH

Hunter Associates Investment Management LLC cut its stake in Amphenol Corporation (NYSE:APH) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,259 shares of the electronics maker’s stock after selling 3,682 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Amphenol were worth $2,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of APH. Brighton Jones LLC boosted its position in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after buying an additional 4,721 shares during the period. Bison Wealth LLC lifted its holdings in Amphenol by 8.3% during the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after acquiring an additional 618 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in Amphenol by 18.7% in the second quarter. Beacon Investment Advisory Services Inc. now owns 10,417 shares of the electronics maker’s stock valued at $1,029,000 after acquiring an additional 1,639 shares during the period. Finally, McAdam LLC bought a new stake in shares of Amphenol in the second quarter worth about $227,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 1.0%

NYSE:APH opened at $150.97 on Friday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $157.54. The firm has a market capitalization of $184.79 billion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $139.45 and its two-hundred day moving average price is $125.44.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue was up 53.4% on a year-over-year basis. Equities research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APH. JPMorgan Chase & Co. boosted their price objective on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. US Capital Advisors set a $165.00 price target on shares of Amphenol in a research note on Friday, January 9th. UBS Group reissued a “buy” rating and set a $174.00 price objective (up previously from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Citigroup reaffirmed a “buy” rating and issued a $175.00 price objective (up from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $183.00 target price on shares of Amphenol in a report on Thursday, January 15th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $147.62.

Insider Activity

In related news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total value of $11,283,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares in the company, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 698,076 shares of company stock worth $99,081,306. Insiders own 1.67% of the company’s stock.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.