Korea Investment CORP lowered its holdings in Amphenol Co. (NYSE:APH - Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 867,416 shares of the electronics maker's stock after selling 67,161 shares during the quarter. Korea Investment CORP owned 0.07% of Amphenol worth $60,242,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc grew its position in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the fourth quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. raised its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in Amphenol by 50.0% in the third 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 period. Hedge funds and other institutional investors own 97.01% of the company's stock.
Amphenol Price Performance
Shares of NYSE:APH traded up $1.02 during trading on Tuesday, reaching $66.61. The stock had a trading volume of 1,674,383 shares, compared to its average volume of 8,081,713. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The stock has a market cap of $80.72 billion, a PE ratio of 34.78, a PEG ratio of 1.92 and a beta of 1.25. The business has a fifty day moving average price of $67.78 and a 200-day moving average price of $68.84.
Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm's revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
Amphenol Dividend Announcement
The firm 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 dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.99%. Amphenol's dividend payout ratio is presently 34.55%.
Analyst Ratings Changes
APH has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of 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 lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Finally, Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.68.
Check Out Our Latest Research Report on APH
Amphenol Company Profile
(
Free Report)
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.
Read More
Before you consider Amphenol, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amphenol wasn't on the list.
While Amphenol currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
