TimesSquare Capital Management LLC reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 669,093 shares of the electronics maker's stock after selling 907,520 shares during the period. TimesSquare Capital Management LLC owned 0.06% of Amphenol worth $46,469,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of APH. Jacobs Levy Equity Management Inc. increased its holdings in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock valued at $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Amphenol in the third quarter valued at about $113,828,000. State Street Corp grew its stake in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker's stock valued at $144,047,000 after acquiring an additional 1,332,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker's stock valued at $125,899,000 after acquiring an additional 1,180,944 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Performance
APH traded down $1.80 during trading hours on Friday, hitting $67.58. The stock had a trading volume of 8,015,000 shares, compared to its average volume of 7,469,862. The company's fifty day simple moving average is $70.73 and its 200 day simple moving average is $68.62. Amphenol Co. has a 1 year low of $52.89 and a 1 year high of $79.39. The stock has a market cap of $81.84 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. 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 (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The company's quarterly revenue was up 29.8% compared to the same quarter last year. Equities analysts anticipate 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. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.98%. Amphenol's payout ratio is currently 34.46%.
Analysts Set New Price Targets
APH has been the topic of several research 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 research note on Thursday, January 23rd. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Bank of America upped their price objective 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 upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $80.68.
View Our Latest Analysis on Amphenol
About Amphenol
(
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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