Virtu Financial LLC lifted its stake in Amphenol Co. (NYSE:APH - Free Report) by 63.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,643 shares of the electronics maker's stock after buying an additional 5,710 shares during the period. Virtu Financial LLC's holdings in Amphenol were worth $1,017,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Tacita Capital Inc boosted its holdings in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. grew its position in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake 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. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Price Performance
Shares of NYSE:APH traded up $0.69 during trading on Thursday, hitting $68.27. 8,033,368 shares of the stock were exchanged, compared to its average volume of 6,936,905. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The company has a market cap of $82.73 billion, a PE ratio of 35.65, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a fifty day moving average price of $67.95 and a two-hundred day moving average price of $68.69. The company has a current ratio of 2.37, a quick ratio of 1.75 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 EPS for the quarter, topping 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 company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Amphenol's quarterly revenue was up 29.8% compared to the same quarter last year. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.55%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on APH. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective 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. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Five investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.68.
View Our Latest Stock Report on APH
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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