Amphenol Corporation $APH Stock Position Raised by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Amphenol Corporation (NYSE:APH) by 95.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,432 shares of the electronics maker’s stock after purchasing an additional 7,547 shares during the quarter. International Assets Investment Management LLC’s holdings in Amphenol were worth $1,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after acquiring an additional 13,884,641 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Amphenol by 10.5% in the second quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock valued at $2,923,371,000 after acquiring an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP increased its stake in shares of Amphenol by 3,010.0% during the second quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after acquiring an additional 15,908,901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Amphenol by 4.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker’s stock worth $1,710,939,000 after acquiring an additional 416,388 shares during the period. Finally, Jupiter Topco LLC acquired a new position in shares of Amphenol during the second quarter worth about $1,600,531,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other news, CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the subject of several analyst reports. BNP Paribas Exane increased their price target on shares of Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Wolfe Research began coverage on Amphenol in a report on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 price objective on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $116.00 target price (up from $102.00) on shares of Amphenol in a research report on Tuesday, October 6th. Evercore set a $100.00 target price on Amphenol in a research note on Wednesday, October 28th. Finally, Barclays raised their price target on Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. One research 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. Based on data from MarketBeat, Amphenol has a consensus rating of “Buy” and an average target price of $108.32.

Amphenol Price Performance

Shares of NYSE APH opened at $74.67 on Monday. The firm has a market capitalization of $184.39 billion, a P/E ratio of 32.47, a PEG ratio of 0.89 and a beta of 1.27. Amphenol Corporation has a one year low of $59.01 and a one year high of $89.93. The company’s fifty day moving average is $81.29 and its two-hundred day moving average is $75.53. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (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 during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up 65.1% compared to the same quarter last year. Analysts forecast that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

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

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a drop from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 22nd. Amphenol’s dividend payout ratio is 21.74%.

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.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.