Calamos Advisors LLC Acquires 382,336 Shares of Amphenol Corporation $APH

Calamos Advisors LLC lifted its stake in Amphenol Corporation (NYSE:APH) by 103.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 751,941 shares of the electronics maker’s stock after purchasing an additional 382,336 shares during the quarter. Calamos Advisors LLC’s holdings in Amphenol were worth $63,389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Amphenol by 85.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 91 shares during the period. Retirement Wealth Solutions LLC increased its position in shares of Amphenol by 831.2% during the third quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 266 shares during the period. Sunrise Financial Services LLC boosted its holdings in Amphenol by 100.0% in the third quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 162 shares during the period. NFSG Corp acquired a new position in shares of Amphenol during the third quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC grew its holdings in Amphenol by 57.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 85 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Up 4.2%

Shares of NYSE APH traded up $3.04 during trading on Friday, hitting $74.67. 17,223,336 shares of the company traded hands, compared to its average volume of 12,732,441. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93. The firm has a market capitalization of $184.39 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.95 and a beta of 1.27. 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 50-day moving average price of $81.29 and a 200-day moving average price of $75.53.

Amphenol (NYSE:APH) last released its quarterly earnings data 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 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 analyst estimates of $9.49 billion. During the same period in the previous year, the company posted $0.93 EPS. The company’s revenue was up 65.1% compared to the same quarter last year. On average, equities analysts predict that Amphenol Corporation will post 2.84 EPS for the current year.

Amphenol Cuts Dividend

The firm 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. The ex-dividend date is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a yield of 0.8%. Amphenol’s payout ratio is 21.74%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APH shares. Wolfe Research initiated coverage on Amphenol in a research report on Wednesday, September 30th. They set an “outperform” rating and a $105.00 target price on the stock. Weiss Ratings cut shares of Amphenol from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Citigroup reaffirmed a “buy” rating and issued a $115.00 target price (up from $112.00) on shares of Amphenol in a report on Thursday, October 29th. TD Cowen decreased their target price on shares of Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. Finally, Zacks Research raised shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $108.32.

Insiders Place Their Bets

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 shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by company 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.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.