Amphenol Co. (NYSE:APH) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its position in Amphenol Co. (NYSE:APH - Free Report) by 86.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,615 shares of the electronics maker's stock after purchasing an additional 6,322 shares during the quarter. Proficio Capital Partners LLC's holdings in Amphenol were worth $946,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Tacita Capital Inc raised its holdings in Amphenol by 328.9% in 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 period. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol in the 4th quarter worth approximately $32,000. Continuum Advisory LLC increased its holdings in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position 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 purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH traded up $0.18 during mid-day trading on Tuesday, reaching $69.48. 5,202,171 shares of the company's stock were exchanged, compared to its average volume of 6,947,365. The business's fifty day simple moving average is $68.03 and its 200-day simple moving average is $68.63. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The stock has a market capitalization of $84.19 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.82 earnings per share. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business 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 $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is 34.55%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Robert W. Baird lifted 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. The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective 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. Finally, Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $80.68.

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.