Amphenol Corporation $APH Shares Acquired by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lifted its position in shares of Amphenol Corporation (NYSE:APH) by 161.2% during the third quarter, Holdings Channel.com reports. The firm owned 14,058 shares of the electronics maker’s stock after purchasing an additional 8,676 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Amphenol were worth $1,185,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bryn Mawr Trust Advisors LLC grew its holdings in shares of Amphenol by 124.0% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 4,759 shares of the electronics maker’s stock valued at $401,000 after buying an additional 2,634 shares during the last quarter. Hager Investment Management Services LLC raised its holdings in shares of Amphenol by 90.8% in the 3rd quarter. Hager Investment Management Services LLC now owns 43,787 shares of the electronics maker’s stock worth $3,691,000 after acquiring an additional 20,840 shares during the last quarter. Avion Wealth raised its holdings in shares of Amphenol by 110.5% in the 3rd quarter. Avion Wealth now owns 884 shares of the electronics maker’s stock worth $74,000 after acquiring an additional 464 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in Amphenol by 108.5% in the 3rd quarter. Hohimer Wealth Management LLC now owns 12,918 shares of the electronics maker’s stock valued at $1,089,000 after acquiring an additional 6,721 shares in the last quarter. Finally, Family Capital Management Inc. lifted its position in Amphenol by 100.0% in the 3rd quarter. Family Capital Management Inc. now owns 3,152 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 1,576 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APH. The Goldman Sachs Group reiterated a “buy” rating and set a $116.00 price target (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Truist Financial increased 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. Erste Group Bank began coverage on Amphenol in a research note on Wednesday, October 21st. They issued a “buy” rating for the company. Wall Street Zen upgraded Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on Amphenol from $107.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $108.32.

Amphenol Stock Performance

Shares of APH stock opened at $74.67 on Monday. The firm has a 50-day moving average of $81.29 and a 200-day moving average of $75.53. The company has a market cap of $184.39 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. Amphenol Corporation has a one year low of $59.01 and a one year high of $89.93.

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. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was up 65.1% on a year-over-year basis. Equities research analysts forecast that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

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 paid a $0.15 dividend. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is 21.74%.

Amphenol declared that its board has initiated a stock repurchase plan on Wednesday, October 28th that allows the company to repurchase $4 billion in shares. This repurchase authorization allows the electronics maker to buy up to 2% of its shares through open market purchases. Share repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

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.