Truist Financial Corp Increases Holdings in Amphenol Corporation $APH

Truist Financial Corp increased its stake in Amphenol Corporation (NYSE:APH) by 3.5% in the fourth quarter, now owning 249,381 shares valued at $33.7 million. This move comes as Amphenol surpassed Q1 earnings and revenue estimates, leading analysts to raise price targets, despite significant insider selling from the CEO and other corporate insiders totaling over $94 million in the last quarter. The stock currently holds a “Moderate Buy” consensus rating among analysts, with an average target price of $176.53.

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