Amphenol Corporation $APH Stock: IPG Investment Advisors LLC Increases Position

IPG Investment Advisors LLC boosted its position in shares of Amphenol Corporation (NYSE:APH) by 94.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,834 shares of the electronics maker’s stock after purchasing an additional 13,041 shares during the period. IPG Investment Advisors LLC’s holdings in Amphenol were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Purus Wealth Management LLC boosted its position in Amphenol by 3.7% in the 2nd quarter. Purus Wealth Management LLC now owns 1,801 shares of the electronics maker’s stock valued at $318,000 after buying an additional 65 shares during the last quarter. Cornerstone Financial Management LLC grew its stake in shares of 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 acquiring an additional 65 shares in the last quarter. Sachetta LLC grew its stake in shares of Amphenol by 14.9% during the first quarter. Sachetta LLC now owns 548 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 71 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of Amphenol by 3.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,980 shares of the electronics maker’s stock worth $250,000 after acquiring an additional 72 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC lifted its stake in shares of Amphenol by 0.5% in the second quarter. Guardian Wealth Advisors LLC NC now owns 14,211 shares of the electronics maker’s stock worth $2,506,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $71.73 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $177.13 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27. Amphenol Corporation has a twelve month low of $59.01 and a twelve month high of $89.93. The business has a 50 day simple moving average of $81.42 and a 200-day simple moving average of $75.54.

Amphenol (NYSE:APH) last released its 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. The firm had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The firm’s revenue for the quarter was up 65.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, equities research analysts expect that Amphenol Corporation will post 2.84 earnings per share for the current year.

Amphenol Cuts Dividend

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

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APH. Bank of America upped their target price on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Evercore set a $100.00 price target on shares of Amphenol in a research report on Wednesday, October 28th. Rothschild & Co Redburn dropped their price target on shares of Amphenol from $197.00 to $107.00 in a research note on Friday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $102.00 price target on shares of Amphenol in a report on Monday. Finally, TD Cowen cut their price target on shares of Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $108.32.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 3,855,014 shares in the company, valued at $317,961,554.72. This 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 this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.