CIBC Private Wealth Group LLC Sells 54,204 Shares of Amphenol Co. (NYSE:APH)

CIBC Private Wealth Group LLC reduced its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,866,213 shares of the electronics maker's stock after selling 54,204 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.24% of Amphenol worth $205,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. State Street Corp raised its position in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock valued at $1,601,540,000 after purchasing an additional 564,991 shares during the period. Norges Bank bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $1,378,794,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Amphenol by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker's stock worth $469,501,000 after purchasing an additional 201,600 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" 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. Truist Financial increased their target price on 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 note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.68.

Amphenol Stock Performance

APH stock traded down $4.55 during trading on Thursday, reaching $63.35. The stock had a trading volume of 3,995,809 shares, compared to its average volume of 7,262,172. The stock's 50 day moving average is $67.45 and its two-hundred day moving average is $68.85. The firm has a market cap of $76.77 billion, a PE ratio of 33.08, 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. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm's revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's payout ratio 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.