Amphenol Corporation $APH Stock Holdings Boosted by XML Financial LLC

XML Financial LLC increased its position in shares of Amphenol Corporation (NYSE:APH) by 104.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,626 shares of the electronics maker’s stock after acquiring an additional 11,578 shares during the quarter. XML Financial LLC’s holdings in Amphenol were worth $1,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Amphenol by 24.2% during the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after acquiring an additional 13,884,641 shares in the last quarter. Wellington Management Group LLP lifted its position in Amphenol by 10.5% in the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock valued at $2,923,371,000 after acquiring an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP lifted its position in Amphenol by 3,010.0% in the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock valued at $2,898,248,000 after acquiring an additional 15,908,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Amphenol by 4.5% in the 2nd 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 worth $1,710,939,000 after purchasing an additional 416,388 shares during the period. Finally, Jupiter Topco LLC acquired a new position in Amphenol in the 2nd quarter worth $1,600,531,000. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on APH. Truist Financial lifted their price target on Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $102.00 price objective on shares of Amphenol in a research report on Monday. Barclays increased their price objective on Amphenol from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada set a $100.00 target price on Amphenol in a research report on Monday, October 26th. Finally, Wolfe Research initiated coverage on Amphenol in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 target price on the stock. One 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 company’s stock. According to MarketBeat, Amphenol currently has a consensus rating of “Buy” and a consensus target price of $108.32.

Insider Buying and Selling at Amphenol

In other Amphenol 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 transaction, the chief executive officer 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is owned by company insiders.

Amphenol Stock Down 9.2%

Shares of APH stock 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. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93. The firm’s fifty day moving average price is $81.42 and its two-hundred day moving average price is $75.54. The firm has a market capitalization of $177.13 billion, a P/E ratio of 31.19, a PEG ratio of 0.94 and a beta of 1.27.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping 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 net margin of 17.95% and a return on equity of 42.53%. The company’s quarterly revenue was up 65.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. On average, equities analysts predict that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol Cuts Dividend

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

Amphenol declared that its Board of Directors has authorized a share buyback program on Wednesday, October 28th that permits the company to buy back $4 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 2% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Amphenol Company 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.