Sei Investments Co. Grows Stock Position in Amphenol Co. (NYSE:APH)

Sei Investments Co. boosted its position in Amphenol Co. (NYSE:APH - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 894,098 shares of the electronics maker's stock after purchasing an additional 41,656 shares during the period. Sei Investments Co. owned about 0.07% of Amphenol worth $62,095,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tacita Capital Inc boosted its holdings in shares of 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 buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the 4th quarter valued at $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% in 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 in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the 4th quarter worth $32,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of APH traded up $0.69 during midday trading on Thursday, hitting $68.27. 8,033,368 shares of the company traded hands, compared to its average volume of 6,936,905. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. 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 50 day moving average of $67.95 and a 200-day moving average of $68.69. The stock has a market cap of $82.73 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.92 and a beta of 1.25.

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Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.97%. Amphenol's dividend payout ratio (DPR) is currently 34.55%.

Wall Street Analyst Weigh In

Several research firms have 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. 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. Truist Financial raised their target price 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. 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. Finally, Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.