Phoenix Financial Ltd. Has $1.43 Million Stake in Amphenol Co. (NYSE:APH)

Phoenix Financial Ltd. grew its position in Amphenol Co. (NYSE:APH) by 203.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,632 shares of the electronics maker’s stock after acquiring an additional 13,825 shares during the period. Phoenix Financial Ltd.’s holdings in Amphenol were worth $1,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tacita Capital Inc boosted its stake in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. grew its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol in the 4th quarter valued at about $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of NYSE:APH opened at $64.21 on Friday. The firm’s 50 day simple moving average is $65.97 and its 200 day simple moving average is $68.69. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The company has a market capitalization of $77.80 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter 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 earnings per share for the current year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

APH has been the topic of several research analyst reports. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. UBS Group dropped their target price on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group decreased their price target on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.60.

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.