Wasatch Advisors LP Grows Stake in Amphenol Co. (NYSE:APH)

Wasatch Advisors LP raised its stake in shares of Amphenol Co. (NYSE:APH) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,697 shares of the electronics maker’s stock after purchasing an additional 2,214 shares during the period. Wasatch Advisors LP’s holdings in Amphenol were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Amphenol Stock Performance

Shares of APH stock opened at $65.13 on Friday. The company’s 50 day moving average is $65.49 and its 200 day moving average is $68.67. 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 $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Analyst Upgrades and Downgrades

APH has been the topic of a number of analyst reports. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Citigroup lowered their target price on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. UBS Group reduced their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.40.

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.