Advisory Services Network LLC Grows Stock Position in Amphenol Co. (NYSE:APH)

Advisory Services Network LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,746 shares of the electronics maker’s stock after acquiring an additional 700 shares during the quarter. Advisory Services Network LLC’s holdings in Amphenol were worth $2,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of APH. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after purchasing an additional 2,108,578 shares during the period. FMR LLC raised its holdings in Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. Geode Capital Management LLC boosted its position in Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after buying an additional 659,560 shares during the period. Norges Bank bought a new stake in Amphenol in the 4th quarter worth $1,378,794,000. Finally, Invesco Ltd. increased its position in shares of Amphenol by 1.2% in the fourth quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker’s stock valued at $629,073,000 after acquiring an additional 107,482 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of NYSE:APH opened at $64.21 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market cap of $77.80 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business has a 50-day simple moving average of $65.97 and a two-hundred day simple moving average of $68.69. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39.

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 the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Ratings Changes

APH has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group decreased their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased 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. Four investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.60.

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.