Amphenol Corporation $APH Stock Bought by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki increased its Amphenol stake by 109.1% in the third quarter, adding 66,481 shares to bring its holdings to 127,428 shares, valued at about $10.7 million.
• Amphenol beat quarterly earnings and revenue estimates, reporting $0.80 per share and $10.23 billion in revenue; sales rose 65.1% year over year.
• The company authorized a $4 billion share-repurchase program, but cut its quarterly dividend from $0.25 to $0.15 per share. CEO Richard Norwitt also sold about $65.9 million in shares.

Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 109.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,428 shares of the electronics maker's stock after buying an additional 66,481 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in Amphenol were worth $10,742,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APH. Pacific Excel Wealth Advisors Inc. acquired a new stake in Amphenol during the 2nd quarter worth approximately $1,927,000. Evelyn Partners Investment Management Services Ltd grew its stake in shares of Amphenol by 132.7% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 45,599 shares of the electronics maker's stock worth $5,761,000 after acquiring an additional 26,000 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Amphenol by 29.3% during the first quarter. Gabelli Funds LLC now owns 193,939 shares of the electronics maker's stock worth $24,504,000 after acquiring an additional 43,945 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Amphenol during the first quarter worth $5,637,000. Finally, Allen Capital Group LLC increased its position in shares of Amphenol by 1,118.7% during the first quarter. Allen Capital Group LLC now owns 39,681 shares of the electronics maker's stock worth $5,014,000 after acquiring an additional 36,425 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APH shares. Robert W. Baird lowered their target price on Amphenol from $190.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, October 6th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $116.00 price target (up from $102.00) on shares of Amphenol in a research report on Tuesday, October 6th. Wolfe Research started coverage on Amphenol in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $105.00 price objective for the company. Erste Group Bank initiated coverage on Amphenol in a research note on Wednesday, October 21st. They issued a "buy" rating for the company. Finally, Evercore set a $100.00 price objective on Amphenol in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Amphenol has an average rating of "Buy" and a consensus price target of $108.32.

Amphenol Stock Performance

NYSE:APH opened at $79.09 on Thursday. The firm has a market capitalization of $195.30 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.27. The business's fifty day moving average price is $81.60 and its 200 day moving average price is $75.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. Amphenol Corporation has a 12 month low of $59.01 and a 12 month high of $89.93.

Amphenol (NYSE:APH - Get Free Report) last posted 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 company had revenue of $10.23 billion for the quarter, compared to analysts' expectations of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. Amphenol's quarterly revenue was up 65.1% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. On average, sell-side analysts anticipate that Amphenol Corporation will post 2.84 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently announced 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. This is a drop from Amphenol's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. Amphenol's dividend payout ratio is 21.74%.

Amphenol announced that its board has authorized a share repurchase program on Wednesday, October 28th that authorizes the company to buy back $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2% of its shares through open market purchases. Share buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Amphenol

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 stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares in the company, valued at $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 is available through the SEC website. Company 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 Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.