9,141 Shares in Amphenol Corporation $APH Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in shares of Amphenol Corporation (NYSE:APH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,141 shares of the electronics maker’s stock, valued at approximately $734,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Planning Partners Inc. lifted its position in shares of Amphenol by 104.7% in the 3rd quarter. Avantax Planning Partners Inc. now owns 5,828 shares of the electronics maker’s stock worth $491,000 after purchasing an additional 2,981 shares during the period. Brighton Jones LLC boosted its stake in shares of Amphenol by 91.2% during the 3rd quarter. Brighton Jones LLC now owns 51,157 shares of the electronics maker’s stock valued at $4,313,000 after purchasing an additional 24,405 shares in the last quarter. Candriam S.C.A. increased its position in shares of Amphenol by 151.1% during the third quarter. Candriam S.C.A. now owns 213,980 shares of the electronics maker’s stock valued at $18,104,000 after buying an additional 128,771 shares during the period. Ethic Inc. increased its position in shares of Amphenol by 94.5% during the third quarter. Ethic Inc. now owns 196,262 shares of the electronics maker’s stock valued at $16,545,000 after buying an additional 95,333 shares during the period. Finally, Endowment Wealth Management Inc. raised its stake in Amphenol by 91.2% in the third quarter. Endowment Wealth Management Inc. now owns 3,941 shares of the electronics maker’s stock worth $332,000 after buying an additional 1,880 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $79.98 on Wednesday. The company’s fifty day moving average price is $81.34 and its 200-day moving average price is $75.57. The stock has a market cap of $197.50 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.27. 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 12 month low of $59.01 and a 12 month high of $89.93.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. The company 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%. Amphenol’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, equities analysts expect that Amphenol Corporation will post 2.83 EPS for the current fiscal year.

Amphenol announced that its Board of Directors has approved a share repurchase program on Wednesday, October 28th that authorizes the company to buy back $4 billion in shares. This repurchase authorization authorizes the electronics maker to reacquire up to 2% of its stock through open market purchases. Share repurchase programs are typically an indication 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. Shareholders of record on Tuesday, December 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a drop from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 22nd. Amphenol’s dividend payout ratio is currently 26.09%.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the company’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 sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on APH shares. Robert W. Baird lowered their price objective on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. TD Cowen cut their price objective on Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. Citigroup reiterated a “buy” rating and set a $115.00 target price (up from $112.00) on shares of Amphenol in a report on Thursday, October 29th. Bank of America increased their target price on Amphenol from $99.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. Finally, Wolfe Research assumed coverage on Amphenol in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 target price for the company. One equities research 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. According to data from MarketBeat.com, Amphenol 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.