Amphenol Corporation $APH Shares Acquired by United Advisor Group LLC

United Advisor Group LLC lifted its holdings in shares of Amphenol Corporation (NYSE:APH) by 199.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,788 shares of the electronics maker’s stock after buying an additional 9,191 shares during the period. United Advisor Group LLC’s holdings in Amphenol were worth $1,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Vaquero Private Wealth Ltd. bought a new position in Amphenol in the second quarter worth about $32,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Tompkins Financial Corp grew its holdings in shares of Amphenol by 81.9% during the second quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 95 shares during the last quarter. Wilkerson Advisory Group LLC raised its position in shares of Amphenol by 57.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 85 shares during the period. Finally, Elevation Wealth Partners LLC raised its position in shares of Amphenol by 54.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 241 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APH. Evercore set a $100.00 price objective on Amphenol in a research report on Wednesday, October 28th. UBS Group upped their price objective on Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. increased their target price on Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Royal Bank Of Canada set a $100.00 target price on Amphenol in a research note on Monday, October 26th. Finally, Barclays boosted their price target on shares of Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $108.32.

Amphenol Price Performance

NYSE APH opened at $74.67 on Friday. The company has a 50-day moving average price of $81.29 and a two-hundred day moving average price of $75.53. Amphenol Corporation has a 52 week low of $59.01 and a 52 week high of $89.93. The stock has a market cap of $184.39 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business’s revenue for the quarter was up 65.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Analysts forecast that Amphenol Corporation will post 2.84 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 annualized dividend and a yield of 0.8%. This is a decrease from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is 26.09%.

Amphenol declared that its board has initiated a stock buyback program on Wednesday, October 28th that allows the company to repurchase $4 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 2% of its shares through open market purchases. Share repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the sale, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. The trade was a 17.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate 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.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.