Amphenol Corporation $APH Stock Holdings Lifted by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board boosted its stake in Amphenol Corporation (NYSE:APH) by 100.0% in the third quarter, Holdings Channel reports. The firm owned 122,320 shares of the electronics maker’s stock after purchasing an additional 61,160 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Amphenol were worth $10,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after buying an additional 13,884,641 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Amphenol by 10.5% during the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock worth $2,923,371,000 after acquiring an additional 1,578,248 shares during the period. Corient Private Wealth LP boosted its position in shares of Amphenol by 3,010.0% during the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after acquiring an additional 15,908,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Amphenol by 4.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker’s stock worth $1,710,939,000 after acquiring an additional 416,388 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in Amphenol in the second quarter valued at approximately $1,600,531,000. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of the transaction, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

Amphenol Stock Down 0.8%

Shares of NYSE APH opened at $79.32 on Thursday. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. The firm has a market cap of $195.85 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27. The company has a 50 day simple moving average of $81.30 and a 200 day simple moving average of $75.59.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The firm had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the business earned $0.93 EPS. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. On average, research analysts forecast that Amphenol Corporation will post 2.83 EPS for the current year.

Amphenol announced that its board has authorized a stock buyback program on Wednesday, October 28th that permits the company to repurchase $4 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 2% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a drop from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 21.74%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research analyst reports. Weiss Ratings raised Amphenol from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Robert W. Baird dropped their price objective on Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Wolfe Research began coverage on Amphenol in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 price objective on the stock. Royal Bank Of Canada set a $100.00 price objective on Amphenol in a research note on Monday, October 26th. Finally, Bank of America lifted their target price on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $107.00.

Amphenol Company Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems. The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.