Is it a Smart Move to Invest in Amphenol (APH)?

Mawer Investment Management, an investment management firm, published its third-quarter 2022 investor letter – a copy of which can be downloaded here. In its third-quarter letter, the fund mentioned that the valuation correction experienced in 2022 has its benefits in that gravity is being restored to the system and that the probability of a global economic slowdown remains high. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.

In its Q3 2022 investor letter, Mawer Investment Management mentioned Amphenol Corporation (NYSE:APH) and explained its insights for the company. Founded in 1932, Amphenol Corporation (NYSE:APH) is a Wallingford, Connecticut-based electronic connector manufacturing company with a $39.8 billion market capitalization. Amphenol Corporation (NYSE:APH) delivered a -23.34% return since the beginning of the year, while its 12-month returns are down by -13.46%. The stock closed at $67.05 per share on October 14, 2022.

Here is what Mawer Investment Management has to say about Amphenol Corporation (NYSE:APH) in its Q3 2022 investor letter:

“With the backdrop of a more uncertain economic environment, there were several companies in our portfolios that performed well over the quarter. Businesses we would define as “boring” were some of the stronger performing stocks in the quarter. Holdings such as manufacturer of electronic connectors and cables Amphenol (NYSE:APH), posted steady increases in revenues and operating profits reflecting the stability of their businesses.”

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Our calculations show that Amphenol Corporation (NYSE:APH) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Amphenol Corporation (NYSE:APH) was in 42 hedge fund portfolios at the end of the second quarter of 2022, compared to 40 funds in the previous quarter. Amphenol Corporation (NYSE:APH) delivered a 2.81% return in the past 3 months.

In March 2021, we also shared another hedge fund’s views on Amphenol Corporation (NYSE:APH) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.

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Disclosure: None. This article is originally published at Insider Monkey.