Gardner Lewis Asset Management L P Purchases Shares of 18,290 Amphenol Co. (NYSE:APH)

Gardner Lewis Asset Management L P bought a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,290 shares of the electronics maker's stock, valued at approximately $1,270,000.

A number of other hedge funds and other institutional investors have also modified their holdings of APH. Orion Portfolio Solutions LLC lifted its stake in shares of Amphenol by 1.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 157,430 shares of the electronics maker's stock valued at $10,934,000 after purchasing an additional 1,919 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Amphenol by 0.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 353,300 shares of the electronics maker's stock worth $24,537,000 after purchasing an additional 1,815 shares during the last quarter. Broadway Wealth Solutions Inc. bought a new stake in Amphenol during the fourth quarter worth approximately $310,000. New Age Alpha Advisors LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $1,086,000. Finally, Norges Bank bought a new position in shares of Amphenol in the fourth quarter valued at approximately $1,378,794,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of APH traded up $0.62 on Tuesday, hitting $66.21. The company's stock had a trading volume of 2,511,157 shares, compared to its average volume of 7,246,361. The company has a 50 day moving average price of $67.78 and a 200 day moving average price of $68.84. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The company has a market capitalization of $80.23 billion, a PE ratio of 34.55, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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Amphenol (NYSE:APH - Get Free Report) last announced its 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 company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business's revenue for the quarter was up 29.8% on a year-over-year basis. On average, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Amphenol's dividend payout ratio (DPR) is currently 34.55%.

Analyst Ratings Changes

APH has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Five 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 currently has an average rating of "Moderate Buy" and an average price target of $80.68.

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.