Krane Funds Advisors LLC purchased a new position in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,201 shares of the electronics maker's stock, valued at approximately $500,000.
Several other institutional investors and hedge funds have also made changes to their positions in APH. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. boosted its position in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Performance
APH traded up $1.26 during trading on Friday, reaching $65.39. The company's stock had a trading volume of 6,469,069 shares, compared to its average volume of 7,404,262. The company has a market capitalization of $79.23 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company's fifty day moving average price is $65.88 and its 200-day moving average price is $68.69. 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.
Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
Amphenol Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on APH. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Finally, UBS Group decreased their price target on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.60.
View Our Latest Stock Report on Amphenol
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.
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