138,303 Amphenol Corporation $APH Shares Bought by Lido Advisors LLC

Lido Advisors LLC boosted its stake in shares of Amphenol Corporation (NYSE:APH) by 122.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 250,846 shares of the electronics maker’s stock after buying an additional 138,303 shares during the quarter. Lido Advisors LLC’s holdings in Amphenol were worth $21,147,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Keybank National Association OH grew its position in shares of Amphenol by 91.6% during the 3rd quarter. Keybank National Association OH now owns 1,567,708 shares of the electronics maker’s stock valued at $132,158,000 after acquiring an additional 749,432 shares during the period. Lynx Capital Group Ltd. ADV raised its holdings in shares of Amphenol by 100.0% in the 3rd quarter. Lynx Capital Group Ltd. ADV now owns 3,624 shares of the electronics maker’s stock worth $306,000 after purchasing an additional 1,812 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of Amphenol by 139.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,441 shares of the electronics maker’s stock worth $1,639,000 after purchasing an additional 11,314 shares during the period. Searle & CO. lifted its stake in Amphenol by 100.0% in the third quarter. Searle & CO. now owns 4,000 shares of the electronics maker’s stock valued at $337,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in Amphenol by 108.5% in the third quarter. Csenge Advisory Group now owns 7,077 shares of the electronics maker’s stock valued at $597,000 after purchasing an additional 3,682 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 1.42% of the stock is owned by insiders.

Amphenol Price Performance

APH opened at $79.32 on Thursday. The firm has a 50-day moving average price of $81.30 and a 200-day moving average price of $75.59. Amphenol Corporation has a twelve month low of $59.01 and a twelve month high of $89.93. 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 market capitalization of $195.85 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 0.95 and a beta of 1.27.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. Amphenol’s revenue was up 65.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Equities analysts expect that Amphenol Corporation will post 2.83 EPS for the current year.

Amphenol declared that its board has approved a share buyback program on Wednesday, October 28th that authorizes the company to repurchase $4 billion in shares. This repurchase authorization authorizes the electronics maker to purchase up to 2% of its shares through open market purchases. Share repurchase programs are usually a sign that the company’s board believes its stock is 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 paid a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s dividend payout ratio (DPR) is presently 21.74%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings raised Amphenol from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Wall Street Zen upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America boosted their target price on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Citigroup reaffirmed a “buy” rating and set a $115.00 price target (up from $112.00) on shares of Amphenol in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Amphenol currently has an average rating of “Buy” and a consensus target price of $107.00.

About Amphenol

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.