Amphenol Co. (NYSE:APH) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 994,059 shares of the electronics maker's stock after selling 26,992 shares during the quarter. Amphenol accounts for approximately 0.7% of QRG Capital Management Inc.'s investment portfolio, making the stock its 20th largest position. QRG Capital Management Inc. owned 0.08% of Amphenol worth $69,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in Amphenol during the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. boosted its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

APH stock traded up $1.11 during trading on Friday, reaching $66.57. The company had a trading volume of 10,480,849 shares, compared to its average volume of 7,859,414. The company 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. Amphenol Co. has a twelve month low of $54.24 and a twelve month 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 has a 50-day simple moving average of $70.13 and a 200-day simple moving average of $68.77.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate 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 prior year, the company earned $0.82 earnings per share. The firm's revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared 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 of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. Amphenol's payout ratio is 34.55%.

Analysts Set New Price Targets

APH has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Five research 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 company's stock. Based on data from MarketBeat, 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.