Paradigm Asset Management Co. LLC Reduces Stake in Amphenol Co. (NYSE:APH)

Paradigm Asset Management Co. LLC reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 86.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,700 shares of the electronics maker's stock after selling 17,600 shares during the period. Paradigm Asset Management Co. LLC's holdings in Amphenol were worth $188,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in APH. Swedbank AB boosted its position in shares of Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker's stock worth $234,592,000 after purchasing an additional 1,000,000 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Amphenol by 8.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker's stock worth $1,224,000 after buying an additional 1,432 shares during the period. Eastern Bank bought a new position in Amphenol during the third quarter worth about $54,000. Private Advisor Group LLC grew its stake in Amphenol by 5.6% in the third quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker's stock valued at $2,553,000 after acquiring an additional 2,061 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Amphenol in the third quarter worth about $81,670,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on APH shares. 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. Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Truist Financial upped their target price 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. Finally, Citigroup lifted their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Five equities research 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 stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Stock Down 3.6 %

NYSE APH traded down $2.39 on Tuesday, hitting $64.74. 6,642,701 shares of the company were exchanged, compared to its average volume of 7,578,605. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market cap of $78.41 billion, a PE ratio of 33.86, a PEG ratio of 1.92 and a beta of 1.23. The stock has a fifty day moving average of $70.57 and a 200-day moving average of $68.77. Amphenol Co. has a 12 month low of $53.67 and a 12 month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. Amphenol's payout ratio is presently 34.46%.

About Amphenol

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.