5 EV Stocks to Invest In

4. Amphenol Corporation (NYSE:APH) 

Number of Hedge Fund Holders: 42  

Amphenol Corporation (NYSE:APH) primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors. In late July, the company announced that it had finalized the purchase of NPI Solutions. The latter is a company that manufactures cable assemblies and value-add interconnect assemblies for industrial applications with a focus on semiconductor manufacturing equipment. The annual sales of the business exceed $65 million. The firm also beat market estimates on earnings in the second quarter of 2022. 

On August 23, UBS analyst Chris Snyder maintained a Buy rating on Amphenol Corporation (NYSE:APH) stock and raised the price target to $93 from $88, noting that the firm had multiple quarters of margin runway. 

At the end of the second quarter of 2022, 42 hedge funds in the database of Insider Monkey held stakes worth $962 million in Amphenol Corporation (NYSE:APH), compared to 40 in the preceding quarter worth $939 million.