On August 15, 2024, William Doherty, President of CS Division at Amphenol Corp (NYSE:APH), made a significant transaction by selling 300,000 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this sale, the insider now owns 0 shares of Amphenol Corp.
Amphenol Corp, a leader in the design, manufacture and distribution of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, is a major player in the technology sector. The company’s innovative solutions are critical across a wide range of industries, including automotive, broadband, industrial, information technology and data communications, military, aerospace and mobile devices.
Over the past year, William Doherty has sold a total of 520,000 shares and made no purchases. This recent sale is part of a broader trend seen at Amphenol Corp, where insider activity has been predominantly selling, with 15 insider sales and just 1 insider purchase over the past year.
Amphenol Corp shares traded at $65.83 on the day of the sale, giving the company a market capitalization of approximately $79.24 billion. The price-to-earnings ratio is 39.28, which is above both the industry median of 21.41 and the company’s historical median.
According to GF Value, the intrinsic value of Amphenol Corp stock is estimated at $46.30, which suggests that the stock is currently significantly overvalued with a Price to GF Value ratio of 1.42.
This insider sale at Amphenol Corp fits into a broader pattern of insider transactions and market valuations, providing stakeholders with important data points for monitoring the company’s stock performance and insider confidence levels.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
