Proficio Capital Partners LLC Purchases 938,272 Shares of Amphenol Co. (NYSE:APH)

Proficio Capital Partners LLC grew its position in Amphenol Co. (NYSE:APH - Free Report) by 12,865.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 945,565 shares of the electronics maker's stock after purchasing an additional 938,272 shares during the period. Proficio Capital Partners LLC owned about 0.08% of Amphenol worth $65,669,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Princeton Global Asset Management LLC lifted its position 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 lifted its position in Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after buying an additional 147 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after buying an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after acquiring an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of Amphenol stock traded up $1.11 on Friday, hitting $66.57. The stock had a trading volume of 10,480,849 shares, compared to its average volume of 7,859,414. The stock has a market cap of $80.62 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The business's 50 day moving average is $70.13 and its two-hundred day moving average is $68.77. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $54.24 and a twelve month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. Analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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 issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. Amphenol's dividend payout ratio is presently 34.55%.

Analyst Ratings Changes

A number of research analysts have weighed in on APH shares. Citigroup raised 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. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Five 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 MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Profile

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.