Hsbc Holdings PLC Buys 433,114 Shares of Amphenol Co. (NYSE:APH)

Hsbc Holdings PLC boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,151,897 shares of the electronics maker's stock after acquiring an additional 433,114 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Amphenol worth $218,704,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Amphenol during the 4th quarter valued at about $1,378,794,000. Wellington Management Group LLP grew its position in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. FMR LLC grew its position in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the period. Madison Investment Advisors LLC purchased a new stake in Amphenol in the fourth quarter worth about $157,749,000. Finally, Vanguard Group Inc. increased its stake in Amphenol by 1.4% in the 4th 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. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on APH shares. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. UBS Group reiterated a "buy" rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday. Finally, Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $82.58.

Amphenol Stock Down 0.3 %

Shares of APH stock traded down $0.22 on Friday, reaching $75.81. 14,324,583 shares of the company's stock traded hands, compared to its average volume of 7,470,800. The business's 50 day moving average price is $65.53 and its two-hundred day moving average price is $68.95. 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 company has a market capitalization of $91.87 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the company posted $0.40 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. Amphenol's payout ratio is presently 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.