Krane Funds Advisors LLC Invests $500,000 in Amphenol Co. (NYSE:APH)

Krane Funds Advisors LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,201 shares of the electronics maker’s stock, valued at approximately $500,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Amphenol by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker’s stock worth $674,000 after purchasing an additional 811 shares during the period. IHT Wealth Management LLC grew its position in shares of Amphenol by 66.9% in the 3rd quarter. IHT Wealth Management LLC now owns 5,314 shares of the electronics maker’s stock valued at $343,000 after buying an additional 2,130 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Amphenol by 176.9% in the third quarter. EP Wealth Advisors LLC now owns 11,089 shares of the electronics maker’s stock valued at $723,000 after buying an additional 7,084 shares during the period. Zacks Investment Management bought a new position in shares of Amphenol during the third quarter worth about $4,907,000. Finally, Dorsey Wright & Associates acquired a new position in shares of Amphenol in the third quarter worth approximately $1,852,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 5.6 %

NYSE APH opened at $59.14 on Monday. The firm has a market cap of $71.67 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 1-year low of $53.93 and a 1-year high of $79.39. The stock has a 50-day moving average of $66.77 and a 200-day moving average of $68.85. 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 for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Analysts Set New Price Targets

APH has been the subject of several analyst reports. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.68.

About Amphenol

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.