7,547 Amphenol Corporation $APH Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in Amphenol Corporation (NYSE:APH) by 95.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd raised its position in Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Retirement Wealth Solutions LLC lifted its holdings in shares of Amphenol by 831.2% in the third quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 266 shares in the last quarter. Sunrise Financial Services LLC grew its position in shares of Amphenol by 100.0% in the third quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 162 shares during the last quarter. NFSG Corp acquired a new stake in shares of Amphenol in the third quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC increased its stake in shares of Amphenol by 57.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 85 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other Amphenol 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 transaction, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.42% of the company’s stock.

Amphenol Stock Up 0.1%

APH stock opened at $74.67 on Monday. The company has a 50 day moving average price of $81.29 and a two-hundred day moving average price of $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. The stock 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.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue was up 65.1% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Corporation will post 2.84 EPS for the current year.

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

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.15 per share. 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 (DPR) is presently 21.74%.

Analysts Set New Price Targets

Several brokerages recently issued reports on APH. Zacks Research upgraded Amphenol from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Bank of America increased their target price on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $102.00 price target on shares of Amphenol in a research report on Monday, November 2nd. UBS Group boosted their price target on Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Barclays upped their price objective on Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a research 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 given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $108.32.

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.