Axxcess Wealth Management LLC Acquires 3,282 Shares of Amphenol Co. (NYSE:APH)

Axxcess Wealth Management LLC grew its holdings in Amphenol Co. (NYSE:APH) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,295 shares of the electronics maker’s stock after purchasing an additional 3,282 shares during the period. Axxcess Wealth Management LLC’s holdings in Amphenol were worth $2,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Parallel Advisors LLC raised its position in shares of Amphenol by 8.8% in the fourth quarter. Parallel Advisors LLC now owns 22,006 shares of the electronics maker’s stock valued at $1,528,000 after purchasing an additional 1,773 shares during the period. Cibc World Markets Corp raised its position in shares of Amphenol by 241.8% in the fourth quarter. Cibc World Markets Corp now owns 558,175 shares of the electronics maker’s stock valued at $38,765,000 after purchasing an additional 394,874 shares during the period. First National Advisers LLC raised its position in shares of Amphenol by 4.3% in the fourth quarter. First National Advisers LLC now owns 67,900 shares of the electronics maker’s stock valued at $4,716,000 after purchasing an additional 2,808 shares during the period. Gallacher Capital Management LLC bought a new stake in Amphenol during the 4th quarter worth approximately $212,000. Finally, Corient Private Wealth LLC increased its holdings in Amphenol by 8.2% during the 4th quarter. Corient Private Wealth LLC now owns 385,600 shares of the electronics maker’s stock worth $26,780,000 after acquiring an additional 29,329 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

NYSE APH opened at $67.53 on Thursday. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The stock has a market cap of $81.79 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.92 and a beta of 1.25. The company’s 50 day moving average is $68.19 and its two-hundred day moving average is $68.50. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. As a group, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.