M Holdings Securities Inc. Buys New Holdings in Amphenol Corporation $APH

M Holdings Securities Inc. purchased a new stake in shares of Amphenol Corporation (NYSE:APH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,141 shares of the electronics maker’s stock, valued at approximately $734,000.

Several other large investors have also recently made changes to their positions in APH. Purus Wealth Management LLC boosted its stake in shares of Amphenol by 3.7% in the 2nd quarter. Purus Wealth Management LLC now owns 1,801 shares of the electronics maker’s stock valued at $318,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Financial Management LLC grew its holdings in shares of Amphenol by 27.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 304 shares of the electronics maker’s stock valued at $54,000 after purchasing an additional 65 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Amphenol by 3.8% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,980 shares of the electronics maker’s stock worth $250,000 after purchasing an additional 72 shares during the period. Guardian Wealth Advisors LLC NC raised its position in Amphenol by 0.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 14,211 shares of the electronics maker’s stock worth $2,506,000 after purchasing an additional 72 shares during the period. Finally, Knuff & Co LLC lifted its stake in Amphenol by 1.3% in the second quarter. Knuff & Co LLC now owns 5,675 shares of the electronics maker’s stock worth $1,001,000 after purchasing an additional 75 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard Norwitt sold 799,576 shares of the company’s stock in a transaction dated 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 directly owned 3,855,014 shares of the company’s stock, valued at approximately $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Bank of America raised their price objective on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. BNP Paribas Exane lifted their price objective on Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a 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 increased their target price on Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. One investment 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 stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Buy” and an average target price of $108.32.

Amphenol Stock Down 0.9%

Shares of NYSE APH opened at $79.98 on Wednesday. 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 52 week low of $59.01 and a 52 week high of $89.93. The firm’s fifty day moving average is $81.34 and its 200 day moving average is $75.57. The company has a market cap of $197.50 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 0.96 and a beta of 1.27.

Amphenol (NYSE:APH) last posted 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. The company had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The firm’s revenue was up 65.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. On average, equities research analysts expect that Amphenol Corporation will post 2.83 earnings per share for the current year.

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

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s dividend payout ratio is presently 26.09%.

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.