Synovus Financial Corp Acquires 1,159 Shares of Amphenol Corporation (APH)

Synovus Financial Corp raised its holdings in Amphenol Corporation (NYSE:APH) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,555 shares of the electronics maker’s stock after purchasing an additional 1,159 shares during the period. Synovus Financial Corp’s holdings in Amphenol were worth $1,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dupont Capital Management Corp acquired a new position in shares of Amphenol in the 2nd quarter valued at approximately $109,000. People s United Financial Inc. raised its position in shares of Amphenol by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Amphenol by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Amphenol in the 2nd quarter valued at approximately $148,000. Finally, Cribstone Capital Management LLC raised its position in shares of Amphenol by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares in the last quarter. 96.52% of the stock is owned by hedge funds and other institutional investors.

Amphenol Corporation (APH) opened at $87.78 on Thursday. The stock has a market cap of $26,924.80, a P/E ratio of 27.99, a P/E/G ratio of 2.48 and a beta of 0.81. Amphenol Corporation has a 12-month low of $66.00 and a 12-month high of $91.26. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 15th. Amphenol’s dividend payout ratio (DPR) is currently 24.20%.

In other Amphenol news, VP Jean-Luc Gavelle sold 88,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $86.37, for a total value of $7,600,560.00. Following the completion of the transaction, the vice president now directly owns 48,000 shares in the company, valued at approximately $4,145,760. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the completion of the transaction, the chief executive officer now owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,000 shares of company stock valued at $75,518,690. Corporate insiders own 2.51% of the company’s stock.

APH has been the subject of several analyst reports. Cowen restated an “outperform” rating and issued a $95.00 target price (up from $85.00) on shares of Amphenol in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 target price (up from $81.00) on shares of Amphenol in a research report on Tuesday, August 29th. SunTrust Banks boosted their target price on shares of Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank restated a “buy” rating and issued a $95.00 target price (up from $80.00) on shares of Amphenol in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.90.

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Amphenol Company Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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