IPG Investment Advisors LLC Invests $1.49 Million in Amphenol Co. (NYSE:APH)

IPG Investment Advisors LLC purchased a new position in Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,383 shares of the electronics maker's stock, valued at approximately $1,489,000.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Amphenol in the fourth quarter worth about $1,378,794,000. Madison Investment Advisors LLC purchased a new position in shares of Amphenol during the 4th quarter valued at approximately $157,749,000. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after purchasing an additional 2,108,578 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock valued at $280,397,000 after buying an additional 2,032,402 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in Amphenol in the third quarter valued at $113,828,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America increased 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. Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

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Amphenol Trading Down 6.3 %

NYSE APH traded down $4.25 during mid-day trading on Thursday, hitting $63.65. The company's stock had a trading volume of 3,831,844 shares, compared to its average volume of 7,261,168. The stock's fifty day simple moving average is $67.45 and its two-hundred day simple moving average is $68.85. 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 52-week low of $54.72 and a 52-week high of $79.39. The firm has a market capitalization of $77.13 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. Research analysts expect that Amphenol Co. will post 2.36 EPS for the current 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 given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. 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.