Amphenol Corporation $APH Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of Amphenol Corporation (NYSE:APH) by 182.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 197,228 shares of the electronics maker’s stock after purchasing an additional 127,315 shares during the quarter. Kestra Advisory Services LLC’s holdings in Amphenol were worth $16,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. State Street Corp lifted its holdings in Amphenol by 24.2% in the second 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 last quarter. Wellington Management Group LLP grew its holdings in shares of Amphenol by 10.5% during 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 purchasing an additional 1,578,248 shares during the last quarter. Corient Private Wealth LP grew its holdings 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 valued at $2,898,248,000 after purchasing an additional 15,908,901 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $1,710,939,000 after purchasing an additional 416,388 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $1,600,531,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $74.67 on Monday. The stock 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 firm’s 50-day simple moving average is $81.29 and its 200 day simple moving average is $75.53. Amphenol Corporation has a fifty-two week low of $59.01 and a fifty-two 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.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 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 quarter last year, the company earned $0.93 EPS. Amphenol’s quarterly revenue was up 65.1% on a year-over-year basis. Equities analysts expect that Amphenol Corporation will post 2.84 EPS for the current year.

Amphenol Cuts Dividend

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

Amphenol declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 28th that permits the company to repurchase $4 billion in shares. This buyback authorization permits the electronics maker to buy up to 2% of its stock through open market purchases. Share buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

APH has been the topic of several recent research reports. Royal Bank Of Canada set a $100.00 price target on Amphenol in a report on Monday, October 26th. Truist Financial upped 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. Weiss Ratings lowered Amphenol from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Barclays raised their target price on Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Finally, Zacks Research raised shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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 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. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

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.