130,688 Shares in Amphenol Corporation $APH Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp acquired a new stake in shares of Amphenol Corporation (NYSE:APH) in the third quarter, HoldingsChannel reports. The firm acquired 130,688 shares of the electronics maker’s stock, valued at approximately $11,017,000.

Several other hedge funds also recently bought and sold shares of the business. NBH Bank grew its holdings in shares of Amphenol by 718.3% in the third quarter. NBH Bank now owns 982 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 862 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in Amphenol by 118.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,848 shares of the electronics maker’s stock valued at $240,000 after buying an additional 1,543 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in Amphenol by 122.1% during the 3rd quarter. Jacobi Capital Management LLC now owns 13,888 shares of the electronics maker’s stock valued at $1,171,000 after buying an additional 7,635 shares in the last quarter. Walter Public Investments Inc. purchased a new stake in Amphenol in the 3rd quarter valued at about $5,670,000. Finally, Jefferies Financial Group Inc. boosted its position in Amphenol by 95.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 492,281 shares of the electronics maker’s stock valued at $41,499,000 after buying an additional 240,603 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

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 shares were 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 of the company’s stock, valued at $317,961,554.72. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. BNP Paribas Exane raised their target price on shares of Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Zacks Research upgraded Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. UBS Group increased 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. TD Cowen decreased their target price on Amphenol from $175.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, September 9th. Finally, Wall Street Zen upgraded Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $107.00.

Amphenol Stock Down 0.8%

Shares of Amphenol stock opened at $79.32 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. The stock has a market cap of $195.85 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 0.95 and a beta of 1.27. The firm’s 50-day moving average is $81.30 and its two-hundred day moving average is $75.59. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS 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 business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 65.1% compared to the same quarter last year. As a group, research analysts expect that Amphenol Corporation will post 2.83 earnings per share for the current fiscal year.

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

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 issued a dividend of $0.15 per share. The ex-dividend date of this dividend 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 dividend payout ratio is 21.74%.

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.