Piper Sandler Targets $165 for Amphenol as Brevan Howard Cuts Stake 93.7%
On March 17 Piper Sandler set a $165 price target for Amphenol, implying 22.05% upside from $135.19. Brevan Howard cut its stake by 93.7%, holding 28,360 shares worth $3.51 million after selling 420,985 shares.
1. Piper Sandler Price Target
On March 17, Piper Sandler assigned a $165 price target to Amphenol, implying a 22.05% upside from the closing price of $135.19. The bullish outlook reflects expected growth in its automotive, aerospace and telecommunications connector businesses.
2. Brevan Howard Reduces Stake
Brevan Howard Capital Management sold 420,985 Amphenol shares, slashing its holding by 93.7% to 28,360 shares valued at $3.51 million in its latest filing. This dramatic reduction marks one of the largest single-fund exits from the stock.
3. Other Institutional Activity
Financial Management Professionals increased its stake by 82.6%, boosting holdings to 199 shares worth $25,000. Alpine Bank Wealth Management established a new position in Amphenol valued at approximately $30,000, indicating selective institutional buying.
4. Trading Range and Valuation
Amphenol shares traded between $134.24 and $144.20 during the day, closing at $135.11, down 1.24%. Over the past year the stock ranged from $56.45 to $167.04, with a market capitalization around $166.07 billion and daily volume near 8.8 million shares.