Amphenol Corporation $APH Stock: Paragon Advisors LLC Boosts Position

Paragon Advisors LLC increased its holdings in Amphenol Corporation (NYSE:APH) by 119.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,894 shares of the electronics maker’s stock after purchasing an additional 36,985 shares during the quarter. Amphenol makes up about 1.1% of Paragon Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Paragon Advisors LLC’s holdings in Amphenol were worth $5,723,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of APH. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 91 shares during the last quarter. Your Advocates Ltd. LLP boosted its position in shares of Amphenol by 100.0% in the third quarter. Your Advocates Ltd. LLP now owns 300 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Retirement Wealth Solutions LLC increased its position in 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 purchasing an additional 266 shares during the last quarter. Sunrise Financial Services LLC increased its position in Amphenol by 100.0% during the third quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 162 shares during the last quarter. Finally, NFSG Corp purchased a new position in Amphenol during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at approximately $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 at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Amphenol Stock Up 0.1%

NYSE APH opened at $74.67 on Monday. The stock has a market cap of $184.39 billion, a PE ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.27. The business has a 50 day moving average price of $81.29 and a two-hundred day moving average price of $75.53. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. Amphenol Corporation has a fifty-two week low of $59.01 and a fifty-two week high of $89.93.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business 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 business’s revenue was up 65.1% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. As a group, sell-side analysts predict that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

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

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders 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 is a decrease from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s dividend payout ratio is 21.74%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APH shares. Zacks Research upgraded shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Royal Bank Of Canada set a $100.00 price objective on Amphenol in a report on Monday, October 26th. BNP Paribas Exane upped their price objective on Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Robert W. Baird cut their target price on Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Finally, TD Cowen reduced their target price on 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 issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $108.32.

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.