21,850 Amphenol Corporation $APH Shares Bought by Eads & Heald Wealth Management

Key Points

• Eads & Heald Wealth Management increased its Amphenol stake by 91.3%, adding 21,850 shares in the third quarter to hold 45,782 shares worth about $3.86 million. Other institutional investors also boosted positions.
• Amphenol reported quarterly EPS of $0.80, beating the $0.73 consensus, while revenue rose 65.1% year over year to $10.23 billion. The board also authorized a $4 billion share buyback.
• The company cut its quarterly dividend to $0.15 per share from $0.25. Analysts overall maintained a “Buy” consensus, with an average price target of $108.32.

Eads & Heald Wealth Management raised its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 91.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,782 shares of the electronics maker's stock after buying an additional 21,850 shares during the quarter. Amphenol comprises 1.9% of Eads & Heald Wealth Management's investment portfolio, making the stock its 5th largest holding. Eads & Heald Wealth Management's holdings in Amphenol were worth $3,859,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APH. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Amphenol by 109.1% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 127,428 shares of the electronics maker's stock worth $10,742,000 after acquiring an additional 66,481 shares during the last quarter. Torren Management LLC increased its position in Amphenol by 100.0% during the third quarter. Torren Management LLC now owns 612 shares of the electronics maker's stock worth $52,000 after acquiring an additional 306 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in Amphenol by 116.3% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 25,179 shares of the electronics maker's stock valued at $2,123,000 after purchasing an additional 13,536 shares during the last quarter. Next Level Wealth Planning LLC boosted its holdings in Amphenol by 100.0% in the 3rd quarter. Next Level Wealth Planning LLC now owns 8,800 shares of the electronics maker's stock valued at $742,000 after purchasing an additional 4,400 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Amphenol by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,190 shares of the electronics maker's stock valued at $185,000 after purchasing an additional 1,051 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Down 6.1%

Shares of APH stock opened at $79.09 on Thursday. Amphenol Corporation has a 52-week low of $59.01 and a 52-week high of $89.93. The stock has a market cap of $195.30 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 1.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. The firm has a fifty day moving average of $81.60 and a 200-day moving average of $75.57.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up 65.1% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Corporation will post 2.84 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.15 per share. This is a negative change from Amphenol's previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, December 22nd. Amphenol's dividend payout ratio is 21.74%.

Amphenol declared that its board has approved a stock buyback program on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Barclays raised their price target on shares of Amphenol from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Monday. Zacks Research upgraded shares of Amphenol from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 30th. Truist Financial lifted their target price on Amphenol from $107.50 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Weiss Ratings lowered Amphenol from a "buy (a-)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Finally, TD Cowen cut their price target on Amphenol from $175.00 to $90.00 and set a "hold" rating for the company in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $108.32.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the sale, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company's stock.

Key Headlines Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: AI data-center demand and recent record sales are key growth drivers. Amphenol’s latest quarter beat earnings and revenue estimates, with revenue up 65.1% year over year; a recent deep dive also highlighted AI demand and acquisitions as supports for its outlook. Article: APH Q3 deep dive
• Positive Sentiment: Barclays forecast further price appreciation for APH, while Evercore named Amphenol among technology stocks to own following the U.S. election. These recommendations support the bullish case, though the supplied reports do not provide details of the analysts’ rationale or targets. Article: Barclays outlook Article: Evercore technology-stock picks
• Positive Sentiment: A newly authorized $4 billion share-repurchase program could support shareholder returns and signal confidence in the business. Article: Buyback capacity
• Neutral Sentiment: A report raised the possibility that a new partnership could strengthen Amphenol’s role in AI infrastructure, but the available details do not establish the partnership’s terms or financial impact. Article: Amphenol and AI infrastructure partnership
• Negative Sentiment: CEO Richard Norwitt sold 799,576 shares for about $65.9 million, reducing his direct stake by 17.18%. He retained roughly 3.86 million shares, but the sizable sale may concern investors. Article: CEO share sale
• Negative Sentiment: Amphenol has been caught in a broader AI-stock sell-off despite strong orders and growth across data-center suppliers, which can pressure shares independently of company fundamentals. Article: AI stocks and data-center spending

Amphenol Profile

Amphenol Corporation NYSE: APH is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.

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