Neuberger Berman Group LLC lowered its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,200,867 shares of the electronics maker's stock after selling 655,141 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.68% of Amphenol worth $569,552,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC grew its stake in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after purchasing an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after purchasing an additional 173 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its position in shares of Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after purchasing an additional 177 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group decreased their target price on Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Citigroup decreased their price target on Amphenol from $89.00 to $75.00 and set a "buy" rating for the company in a research report on Monday. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $79.90.
Read Our Latest Stock Report on APH
Amphenol Stock Performance
Shares of NYSE:APH traded up $0.87 during trading on Tuesday, hitting $66.33. 2,575,337 shares of the stock were exchanged, compared to its average volume of 7,388,301. The company's fifty day simple moving average is $65.80 and its 200-day simple moving average is $68.72. 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 $80.38 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39.
Amphenol (NYSE:APH - Get Free Report) last released 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. The company had revenue of $4.32 billion during 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 for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's payout ratio is 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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