Amphenol Co. (NYSE:APH) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,913 shares of the electronics maker's stock after selling 48,024 shares during the period. UniSuper Management Pty Ltd's holdings in Amphenol were worth $15,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC purchased a new stake in Amphenol in the 4th quarter worth $157,749,000. Vanguard Group Inc. increased its stake in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after purchasing an additional 2,108,578 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock valued at $280,397,000 after buying an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Amphenol in the 3rd quarter worth about $113,828,000. Finally, Los Angeles Capital Management LLC increased its stake in Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker's stock worth $116,995,000 after buying an additional 1,632,014 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APH. Bank of America lifted their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Robert W. Baird upped 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. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $80.68.

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Amphenol Trading Up 1.4 %

Amphenol stock traded up $0.91 during midday trading on Tuesday, reaching $66.50. 1,977,558 shares of the stock traded hands, compared to its average volume of 7,244,175. The firm has a market cap of $80.59 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. 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 50-day simple moving average of $67.78 and a two-hundred day simple moving average of $68.84.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 net margin of 15.92% and a return on equity of 25.67%. The firm's quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed 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. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is presently 34.55%.

Amphenol Company 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.