Wendell David Associates Inc. Acquires 11,150 Shares of Amphenol Corporation $APH

Wendell David Associates Inc. increased its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 27.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,420 shares of the electronics maker's stock after acquiring an additional 11,150 shares during the quarter. Wendell David Associates Inc.'s holdings in Amphenol were worth $6,487,000 at the end of the most recent reporting period.Amphenol: The Unseen Giant Behind Every Major Tech TrendSeveral other hedge funds and other institutional investors also recently bought and sold shares of APH. Brighton Jones LLC grew its position in 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 buying an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares during the period. Bison Wealth LLC grew its holdings in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker's stock worth $559,000 after purchasing an additional 618 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the second quarter valued at approximately $25,000. Finally, Fifth Third Bancorp raised its stake in shares of Amphenol by 14.7% in the second quarter. Fifth Third Bancorp now owns 136,405 shares of the electronics maker's stock valued at $13,470,000 after purchasing an additional 17,430 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at AmphenolIn other news, CFO Craig A. Lampo sold 258,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the sale, the chief financial officer directly owned 167,695 shares of the company's stock, valued at $24,013,924. This represents a 60.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D'amico sold 120,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company's stock, valued at approximately $10,696,764. This represents a 61.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 698,076 shares of company stock valued at $99,081,306 over the last ninety days. Company insiders own 1.67% of the company's stock. Amphenol Price PerformanceThese 3 Q1 Earnings Winners Will Go HigherShares of APH stock opened at $152.50 on Friday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $157.54. The stock has a market capitalization of $186.67 billion, a PE ratio of 50.83, a PEG ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The stock's fifty day moving average is $139.09 and its 200-day moving average is $125.07. Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm's quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. Equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year. Analyst Upgrades and DowngradesTexas Instruments' tepid revenue view drags down techsSeveral equities research analysts have issued reports on APH shares. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the company an "outperform" rating in a report on Friday, October 10th. Truist Financial set a $182.00 target price on shares of Amphenol in a research note on Tuesday, January 13th. The Goldman Sachs Group restated a "buy" rating and set a $183.00 price target on shares of Amphenol in a research note on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on Amphenol from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, October 23rd. Finally, US Capital Advisors set a $165.00 target price on Amphenol in a research report on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and an average target price of $147.62.Check Out Our Latest Report on AmphenolAmphenol Company Profile (Free Report)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.Further ReadingFive stocks we like better than AmphenolElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthThe $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Amphenol Right Now?Before you consider Amphenol, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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