Amphenol Corporation $APH Stock: DSG Capital Advisors LLC Grows Position

DSG Capital Advisors LLC grew its position in Amphenol Corporation (NYSE:APH) by 113.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,523 shares of the electronics maker’s stock after purchasing an additional 28,944 shares during the period. DSG Capital Advisors LLC’s holdings in Amphenol were worth $4,596,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of APH. State Street Corp increased its position in Amphenol by 24.2% during the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after purchasing an additional 13,884,641 shares in the last quarter. Wellington Management Group LLP lifted its position in 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 buying an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP lifted its position in 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 buying an additional 15,908,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 buying an additional 416,388 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in Amphenol during the second quarter worth approximately $1,600,531,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.9%

Shares of Amphenol stock opened at $79.98 on Wednesday. The business has a 50-day moving average of $81.34 and a 200-day moving average of $75.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. The company has a market capitalization of $197.50 billion, a PE ratio of 34.77, a P/E/G ratio of 0.96 and a beta of 1.27. Amphenol Corporation has a 1-year low of $59.01 and a 1-year high of $89.93.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 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 in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 65.1% compared to the same quarter last year. As a group, equities analysts forecast that Amphenol Corporation will post 2.83 EPS for the current fiscal year.

Amphenol Cuts Dividend

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

Amphenol announced that its board has authorized a share repurchase program on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to repurchase up to 2% of its shares through open market purchases. Share buyback programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane increased their price objective on shares of Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Robert W. Baird cut their target price on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings upgraded shares of Amphenol from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Citigroup reaffirmed a “buy” rating and set a $115.00 price target (up from $112.00) on shares of Amphenol in a research report on Thursday, October 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $116.00 price target (up from $102.00) on shares of Amphenol in a research report on Tuesday, October 6th. One equities research 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. According to data from MarketBeat, Amphenol currently has an average rating of “Buy” and an average target price of $108.32.

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 stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the sale, the chief executive officer directly owned 3,855,014 shares in the company, valued at $317,961,554.72. The trade was a 17.18% decrease in their position. The transaction was disclosed in a document filed 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.