LPL Financial LLC Raises Position in Amphenol Co. (NYSE:APH)

LPL Financial LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 16.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 681,720 shares of the electronics maker’s stock after buying an additional 97,545 shares during the quarter. LPL Financial LLC’s holdings in Amphenol were worth $47,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Independent Advisor Alliance boosted its stake in Amphenol by 106.0% in the 3rd quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker’s stock worth $536,000 after purchasing an additional 4,232 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake 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 worth $32,000 after buying an additional 166 shares during the period. Avestar Capital LLC grew its holdings in shares of Amphenol by 6.9% during the third quarter. Avestar Capital LLC now owns 6,153 shares of the electronics maker’s stock valued at $401,000 after buying an additional 399 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Amphenol by 14.9% in the 3rd quarter. Townsquare Capital LLC now owns 96,910 shares of the electronics maker’s stock valued at $6,315,000 after acquiring an additional 12,534 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Amphenol by 29,759.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,893 shares of the electronics maker’s stock worth $9,767,000 after acquiring an additional 149,391 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

Amphenol stock opened at $68.27 on Friday. 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 company’s fifty day moving average price is $67.92 and its 200 day moving average price is $68.68. The stock has a market capitalization of $82.73 billion, a P/E ratio of 35.65, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last released 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 net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company 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 dividend yield of 0.97%. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APH shares. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.