Amphenol Co. (NYSE:APH) Shares Purchased by Fmr LLC

FMR LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,250,575 shares of the electronics maker's stock after buying an additional 2,643,752 shares during the period. Amphenol makes up 0.4% of FMR LLC's holdings, making the stock its 27th largest position. FMR LLC owned approximately 8.65% of Amphenol worth $7,240,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tacita Capital Inc increased its position in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC acquired a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% during the fourth 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, Continuum Advisory LLC boosted its position in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after buying an additional 234 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APH. The Goldman Sachs Group reduced their price target on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. 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 report on Thursday, January 23rd. Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, Bank of America upped 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. Four research 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.60.

Amphenol Price Performance

NYSE APH traded up $0.86 during trading hours on Friday, reaching $64.99. The company's stock had a trading volume of 2,686,075 shares, compared to its average volume of 7,385,566. The firm has a market capitalization of $78.75 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 1.92 and a beta of 1.17. The company's 50-day moving average is $65.97 and its two-hundred day moving average is $68.69. 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 Co. has a 1-year low of $54.72 and a 1-year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last announced 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 return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the company posted $0.82 EPS. The business's quarterly revenue was up 29.8% on a year-over-year basis. On average, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. Amphenol's dividend payout ratio (DPR) is 34.55%.

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.