Commonwealth Equity Services LLC Buys 13,270 Shares of Amphenol Co. (NYSE:APH)

Commonwealth Equity Services LLC increased its stake in Amphenol Co. (NYSE:APH - Free Report) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,501 shares of the electronics maker's stock after purchasing an additional 13,270 shares during the period. Commonwealth Equity Services LLC's holdings in Amphenol were worth $5,799,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APH. Tacita Capital Inc lifted its stake in shares of Amphenol by 328.9% during the fourth 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 bought a new position in shares of Amphenol in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. lifted its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE APH traded down $1.96 during trading hours on Wednesday, reaching $67.54. 6,915,115 shares of the stock were exchanged, compared to its average volume of 8,140,149. The stock's fifty day simple moving average is $68.02 and its 200 day simple moving average is $68.69. The firm has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.92 and a beta of 1.25. 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.

Remove Ads

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for 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%. Amphenol's revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the business earned $0.82 earnings per share. Sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is 34.55%.

Analysts Set New Price Targets

APH has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised 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. Bank of America increased their price objective 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. Finally, Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Five 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

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.