Prestige Wealth Management Group LLC Increases Position in Amphenol Co. (NYSE:APH)

Prestige Wealth Management Group LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 12.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,105 shares of the electronics maker’s stock after purchasing an additional 354 shares during the period. Prestige Wealth Management Group LLC’s holdings in Amphenol were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TIAA Trust National Association lifted its position in shares of Amphenol by 28.9% during the fourth quarter. TIAA Trust National Association now owns 7,586 shares of the electronics maker’s stock worth $527,000 after purchasing an additional 1,703 shares during the last quarter. FineMark National Bank & Trust bought a new stake in Amphenol during the 4th quarter valued at about $222,000. Modern Wealth Management LLC purchased a new stake in Amphenol in the 4th quarter valued at about $1,225,000. EntryPoint Capital LLC bought a new position in Amphenol in the 4th quarter worth about $287,000. Finally, Prudential Financial Inc. increased its position in shares of Amphenol by 2.6% during the fourth quarter. Prudential Financial Inc. now owns 1,321,938 shares of the electronics maker’s stock worth $91,809,000 after acquiring an additional 33,220 shares during the period. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APH. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Citigroup increased 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. Finally, The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Up 0.3 %

NYSE APH opened at $69.48 on Wednesday. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a 50 day moving average price of $68.02 and a 200 day moving average price of $68.69. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $84.19 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol’s payout ratio is 34.55%.

Amphenol Company 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.