Amphenol Corporation $APH Shares Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its position in shares of Amphenol Corporation (NYSE:APH) by 108.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,918 shares of the electronics maker’s stock after acquiring an additional 6,721 shares during the period. Hohimer Wealth Management LLC’s holdings in Amphenol were worth $1,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Amphenol by 85.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Your Advocates Ltd. LLP boosted its holdings in Amphenol by 100.0% in the 3rd quarter. Your Advocates Ltd. LLP now owns 300 shares of the electronics maker’s stock worth $25,000 after buying an additional 150 shares during the period. Retirement Wealth Solutions LLC increased its stake in Amphenol by 831.2% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock worth $26,000 after buying an additional 266 shares in the last quarter. Sunrise Financial Services LLC increased its stake in Amphenol by 100.0% in the 3rd quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock worth $27,000 after buying an additional 162 shares in the last quarter. Finally, NFSG Corp bought a new stake in Amphenol during the third quarter valued at about $28,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on APH shares. Sanford C. Bernstein restated an “outperform” rating and issued a $102.00 price objective on shares of Amphenol in a research report on Monday, November 2nd. Evercore set a $100.00 price objective on Amphenol in a research note on Wednesday, October 28th. Wolfe Research assumed coverage on Amphenol in a research report on Wednesday, September 30th. They set an “outperform” rating and a $105.00 target price for the company. Bank of America raised their target price on shares of Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Finally, Robert W. Baird reduced their price target on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $108.32.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction 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 in the company, valued at $317,961,554.72. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of NYSE:APH opened at $80.89 on Tuesday. The firm has a fifty day simple moving average of $81.33 and a two-hundred day simple moving average of $75.55. Amphenol Corporation has a 52 week low of $59.01 and a 52 week high of $89.93. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $199.74 billion, a P/E ratio of 35.17, a PEG ratio of 0.94 and a beta of 1.27.

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

Amphenol Cuts Dividend

The business also recently declared 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 represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, December 22nd. This is a drop from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 21.74%.

Amphenol declared that its board has approved 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 shares through open market purchases. Share buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About Amphenol

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.