Lyell Wealth Management LP increased its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 99.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 379,580 shares of the electronics maker’s stock after buying an additional 189,431 shares during the quarter. Amphenol comprises 1.9% of Lyell Wealth Management LP’s investment portfolio, making the stock its 13th biggest holding. Lyell Wealth Management LP’s holdings in Amphenol were worth $31,999,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Amphenol by 85.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Retirement Wealth Solutions LLC increased its holdings in shares of Amphenol by 831.2% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 266 shares during the period. Sunrise Financial Services LLC increased its holdings in shares of Amphenol by 100.0% in the 3rd quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 162 shares during the period. NFSG Corp purchased a new stake in Amphenol in the 3rd quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC raised its position in Amphenol by 57.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Price Performance
Amphenol stock opened at $71.73 on Friday. 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 business has a 50 day simple moving average of $81.42 and a 200-day simple moving average of $75.54. Amphenol Corporation has a 12 month low of $59.01 and a 12 month high of $89.93. The stock has a market capitalization of $177.13 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27.
Amphenol (NYSE:APH – Get Free Report) last released its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 65.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Equities analysts predict that Amphenol Corporation will post 2.84 earnings per share for the current year.
Amphenol declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Amphenol Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be issued a dividend of $0.15 per share. This is a drop from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 22nd. Amphenol’s dividend payout ratio is currently 21.74%.
Insider Transactions at Amphenol
In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value 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 represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.42% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on APH shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $102.00 price target on shares of Amphenol in a research note on Monday. BNP Paribas Exane lifted their price objective on shares of Amphenol from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. UBS Group upped their target price on shares of Amphenol from $105.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Rothschild & Co Redburn decreased their target price on shares of Amphenol from $197.00 to $107.00 in a research note on Friday, October 30th. Finally, Royal Bank Of Canada set a $100.00 target price on shares of Amphenol in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $108.32.
View Our Latest Analysis on APH
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.
The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.
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