6,779 Amphenol Corporation $APH Shares Bought by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC grew its position in shares of Amphenol Corporation (NYSE:APH) by 95.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,911 shares of the electronics maker’s stock after acquiring an additional 6,779 shares during the period. Quadcap Wealth Management LLC’s holdings in Amphenol were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Purus Wealth Management LLC raised its holdings 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 boosted its holdings in shares of Amphenol by 27.2% during the 2nd 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. Sachetta LLC boosted its holdings in shares of Amphenol by 14.9% during the 1st quarter. Sachetta LLC now owns 548 shares of the electronics maker’s stock valued at $69,000 after buying an additional 71 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its position in shares of Amphenol by 3.8% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,980 shares of the electronics maker’s stock worth $250,000 after buying an additional 72 shares during the period. Finally, Guardian Wealth Advisors LLC NC grew its position in shares of Amphenol by 0.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 14,211 shares of the electronics maker’s stock worth $2,506,000 after buying an additional 72 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $107.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $116.00 target price (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Wolfe Research initiated coverage on Amphenol in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 price target on the stock. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Royal Bank Of Canada set a $100.00 price objective on Amphenol in a research note on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $108.32.

Amphenol Stock Up 4.2%

Shares of NYSE APH traded up $3.04 during midday trading on Friday, hitting $74.67. The stock had a trading volume of 17,223,336 shares, compared to its average volume of 12,732,441. The business’s 50 day moving average is $81.29 and its 200-day moving average is $75.53. Amphenol Corporation has a 52 week low of $59.01 and a 52 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. The company has a market cap of $184.39 billion, a P/E ratio of 32.47, a PEG ratio of 0.95 and a beta of 1.27.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share 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 company 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 earned $0.93 earnings per share. The firm’s quarterly revenue was up 65.1% compared to the same quarter last year. As a group, analysts predict that Amphenol Corporation will post 2.84 EPS for the current year.

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

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be paid 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 negative change from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s dividend payout ratio (DPR) is 21.74%.

Amphenol 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.