LPL Financial LLC increased its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 681,720 shares of the electronics maker's stock after purchasing an additional 97,545 shares during the period. LPL Financial LLC owned about 0.06% of Amphenol worth $47,345,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock valued at $1,601,540,000 after purchasing an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Amphenol by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker's stock worth $469,501,000 after buying an additional 201,600 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after buying an additional 2,032,402 shares during the period. Finally, Swedbank AB boosted its stake in Amphenol by 19.4% in the 4th quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker's stock valued at $298,653,000 after buying an additional 700,000 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
APH has been the subject of a number of analyst reports. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company 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 report on Thursday, January 23rd. Robert W. Baird boosted their price target 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. 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 report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five 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 MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $80.68.
Get Our Latest Stock Analysis on Amphenol
Amphenol Trading Up 0.6 %
APH traded up $0.37 during mid-day trading on Tuesday, reaching $65.96. The stock had a trading volume of 6,361,087 shares, compared to its average volume of 7,271,510. The stock has a market capitalization of $79.93 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.92 and a beta of 1.25. 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. The firm's fifty day simple moving average is $67.65 and its two-hundred day simple moving average is $68.86.
Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $0.82 earnings per share. The company's revenue was up 29.8% on a year-over-year basis. On average, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.
Amphenol Announces Dividend
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 issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol's dividend payout ratio is currently 34.55%.
Amphenol 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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