What is happening at Amphenol Corporation

Amphenol Corporation is one of the world's largest manufacturers of electronic connectors, sensors, and fiber optics.

It operates in almost every possible technology sector: military and aerospace, automotive (mainly electric vehicles), data centers, and cellular communication, and is also considered a supplier to Google for components for TPU chips.

About two weeks ago, the company reported its quarterly results, presenting record results in every parameter, yet the stock price still fell by about 16% that day.

And in recent days, we identified unusual movements behind the scenes:

1️⃣ Unusual purchase by a veteran director

2️⃣ Institutional investors upgraded their position

3️⃣ Unusual options activity

4️⃣ Analyst ratings differ from the current price

Here are the full details:

1️⃣ Last Thursday, Robert (Bob) Livingston, a very veteran director at Amphenol, opened his wallet and spent over $1,280,000 from his personal pocket to purchase $APH shares.

Livingston, who has served as a director at Amphenol since 1994, knows the company, its DNA, and the cyclicality of its market deeply.

In addition, Livingston is a former member of Congress and was even a candidate for Speaker of the House.

As a former politician, this is a person who understands where US budgets are going?

2️⃣ In addition, we discovered that immediately after the report, on January 30, the investment fund JENNISON ASSOCIATES LLC increased its position in the company by no less than 340%.

3️⃣ Our further investigation revealed an unusual options trade with an expiration date in 12 days, and a strike price of $175 per share – a target price almost 30% higher than the current stock price.

4️⃣ We checked the analysts' target prices -

Here are the data:

⏪ Scott Graham (Seaport Global): 54.15% upside with a target price of $210.

⏪ Samik Chatterjee (J.P. Morgan): 35.80% upside with a target price of $185.

⏪ Mark Delaney (Goldman Sachs): 34.33% upside with a target price of $183.

⏪ William Stein (Truist Financial): 33.60% upside with a target price of $182.

⏪ Asiya Merchant (Citi): 32.13% upside with a target price of $180.

⏪ Guy Hardwick (Barclays): 28.4% upside with a target price of $175.

⏪ Joseph Spak (UBS): 27.73% upside with a target price of $174.

⏪ Vamsi Mohan (Bank of America): 21.12% upside with a target price of $165.

⏪ Amit Daryanani (Evercore ISI): 21.12% upside with a target price of $165.

⏪ Steven Fox (Fox Advisors): 21.12% upside with a target price of $165.