New York State Teachers Retirement System lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,983 shares of the electronics maker’s stock after selling 6,379 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Amphenol worth $36,282,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Advisor Partners LLC boosted its position in Amphenol by 1.6% during the third quarter. Advisor Partners LLC now owns 6,620 shares of the electronics maker’s stock worth $639,000 after purchasing an additional 105 shares during the period. Lenox Wealth Advisors LLC lifted its holdings in shares of Amphenol by 82.2% in the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Amphenol by 33.9% in the second quarter. Flagship Harbor Advisors LLC now owns 518 shares of the electronics maker’s stock worth $49,000 after buying an additional 131 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Amphenol by 16.0% in the third quarter. Meeder Asset Management Inc. now owns 965 shares of the electronics maker’s stock worth $93,000 after buying an additional 133 shares in the last quarter. Finally, Harvey Investment Co. LLC lifted its holdings in shares of Amphenol by 5.4% in the second quarter. Harvey Investment Co. LLC now owns 3,347 shares of the electronics maker’s stock worth $321,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
APH has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Co increased their price target on shares of Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley lowered their price target on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Amphenol in a report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $104.79.
Shares of Amphenol stock opened at $100.23 on Friday. Amphenol Co. has a 12-month low of $74.95 and a 12-month high of $105.51. The company has a market cap of $30.28 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.94 and a beta of 1.03. The company has a current ratio of 1.99, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $95.44 and its 200-day moving average price is $94.45.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. Amphenol’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 3.65 earnings per share for the current year.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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