Amphenol Corporation $APH Holdings Boosted by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 135.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,817 shares of the electronics maker’s stock after buying an additional 323,043 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Amphenol were worth $47,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vaquero Private Wealth Ltd. bought a new position in Amphenol during the 2nd quarter valued at $32,000. Clal Insurance Enterprises Holdings Ltd increased its position in Amphenol by 85.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after buying an additional 91 shares during the period. Tompkins Financial Corp grew its position in shares of Amphenol by 81.9% during the second quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 95 shares during the last quarter. Wilkerson Advisory Group LLC grew its position in shares of Amphenol by 57.4% during the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 85 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Amphenol by 54.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 241 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 85 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $78.15 on Friday. The business’s 50-day simple moving average is $81.22 and its 200-day simple moving average is $75.57. Amphenol Corporation has a 52 week low of $59.01 and a 52 week high of $89.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. The firm has a market cap of $192.98 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 0.95 and a beta of 1.27.

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

Amphenol Cuts Dividend

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

Amphenol announced that its board has initiated a share buyback plan on Wednesday, October 28th that allows the company to buy back $4 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 2% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APH. Weiss Ratings raised shares of Amphenol from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. TD Cowen cut their price objective on Amphenol from $175.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, September 9th. Royal Bank Of Canada set a $100.00 target price on Amphenol in a research note on Monday, October 26th. UBS Group lifted their target price on Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Robert W. Baird dropped their price target on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $107.00.

Insider Activity at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of Amphenol 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 transaction, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by company insiders.

Amphenol 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.