28,944 Amphenol Corporation $APH Shares Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC grew its stake in Amphenol Corporation (NYSE:APH) by 113.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,523 shares of the electronics maker’s stock after purchasing an additional 28,944 shares during the quarter. DSG Capital Advisors LLC’s holdings in Amphenol were worth $4,596,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of APH. Purus Wealth Management LLC grew its stake in Amphenol by 3.7% in the second quarter. Purus Wealth Management LLC now owns 1,801 shares of the electronics maker’s stock worth $318,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Financial Management LLC raised its stake in Amphenol by 27.2% during the second quarter. Cornerstone Financial Management LLC now owns 304 shares of the electronics maker’s stock valued at $54,000 after buying an additional 65 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Amphenol by 3.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,980 shares of the electronics maker’s stock valued at $250,000 after buying an additional 72 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its stake in Amphenol by 0.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 14,211 shares of the electronics maker’s stock valued at $2,506,000 after buying an additional 72 shares in the last quarter. Finally, Knuff & Co LLC lifted its holdings in Amphenol by 1.3% during the 2nd quarter. Knuff & Co LLC now owns 5,675 shares of the electronics maker’s stock worth $1,001,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

APH opened at $79.98 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $81.34 and its 200 day moving average price is $75.57. Amphenol Corporation has a fifty-two week low of $59.01 and a fifty-two week high of $89.93. The firm has a market cap of $197.50 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.27.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. Amphenol’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, sell-side analysts expect that Amphenol Corporation will post 2.83 earnings per share for the current year.

Amphenol Cuts Dividend

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

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

Analysts Set New Price Targets

APH has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group raised their price objective on Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Erste Group Bank assumed coverage on shares of Amphenol in a report on Wednesday, October 21st. They issued a “buy” rating for the company. Finally, Citigroup reiterated a “buy” rating and set a $115.00 target price (up from $112.00) on shares of Amphenol in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $108.32.

Insider Activity

In related news, CEO Richard Norwitt sold 799,576 shares of the business’s 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 completion of the transaction, the chief executive officer 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 SEC, which is available through this hyperlink. Company insiders own 1.42% of the company’s stock.

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.