Amphenol Corporation $APH Stock: XML Financial LLC Raises Holdings

XML Financial LLC increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 104.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 22,626 shares of the electronics maker’s stock after purchasing an additional 11,578 shares during the period. XML Financial LLC’s holdings in Amphenol were worth $1,907,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Summit Wealth Group LLC Co. raised its stake in Amphenol by 374.9% in the third quarter. Summit Wealth Group LLC Co. now owns 8,496 shares of the electronics maker’s stock valued at $716,000 after buying an additional 6,707 shares during the period. Landaas & Co. WI ADV boosted its holdings in shares of Amphenol by 163.4% during the 3rd quarter. Landaas & Co. WI ADV now owns 10,466 shares of the electronics maker’s stock worth $882,000 after buying an additional 6,492 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of Amphenol by 100.0% during the third quarter. Salomon & Ludwin LLC now owns 1,156 shares of the electronics maker’s stock worth $97,000 after acquiring an additional 578 shares during the period. One Way Holdings LLC grew its holdings in Amphenol by 110.4% in the 3rd quarter. One Way Holdings LLC now owns 326,706 shares of the electronics maker’s stock valued at $27,541,000 after buying an additional 171,462 shares in the last quarter. Finally, Woodmont Investment Counsel LLC grew its stake in shares of Amphenol by 166.2% in the third quarter. Woodmont Investment Counsel LLC now owns 3,538 shares of the electronics maker’s stock valued at $298,000 after acquiring an additional 2,209 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APH. Truist Financial raised their price objective on Amphenol from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Rothschild & Co Redburn cut their price target on Amphenol from $197.00 to $107.00 in a research note on Friday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Finally, Weiss Ratings cut shares of Amphenol from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. One research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $108.32.

Insider Activity at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of NYSE APH opened at $71.73 on Friday. The company has a market capitalization of $177.13 billion, a PE ratio of 31.19, a P/E/G ratio of 0.94 and a beta of 1.27. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. Amphenol Corporation has a twelve month low of $59.01 and a twelve month high of $89.93. The firm has a fifty day simple moving average of $81.42 and a 200 day simple moving average of $75.54.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. On average, sell-side 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s dividend payout ratio is currently 21.74%.

Amphenol announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2% of its stock through open market purchases. Share buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.