Amphenol Co. (NYSE:APH) Shares Sold by HFR Wealth Management LLC

HFR Wealth Management LLC lowered its stake in shares of Amphenol Co. (NYSE:APH) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,899 shares of the electronics maker’s stock after selling 2,382 shares during the period. Amphenol comprises 4.0% of HFR Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. HFR Wealth Management LLC’s holdings in Amphenol were worth $16,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its stake in Amphenol by 89.5% during 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 acquiring an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Amphenol during the 3rd quarter valued at about $113,828,000. Los Angeles Capital Management LLC grew 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 valued at $116,995,000 after acquiring an additional 1,632,014 shares in the last quarter. State Street Corp grew its stake in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Amphenol by 151.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after buying an additional 1,332,298 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. 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. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

Amphenol stock opened at $63.25 on Tuesday. The firm has a market cap of $76.60 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 52-week low of $54.27 and a 52-week high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $69.97 and its two-hundred day moving average is $68.81.

Amphenol (NYSE:APH) 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. On average, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.