SBI Securities Co. Ltd. Buys New Position in Amphenol Co. (NYSE:APH)

SBI Securities Co. Ltd. purchased a new position in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 866 shares of the electronics maker’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Swedbank AB boosted its position in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after acquiring an additional 1,000,000 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Amphenol during the 3rd quarter valued at about $606,000. Assetmark Inc. grew its stake in Amphenol by 12.3% during the third quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock worth $2,537,000 after purchasing an additional 4,272 shares during the period. Atria Investments Inc increased its holdings in Amphenol by 2.0% in the third quarter. Atria Investments Inc now owns 95,363 shares of the electronics maker’s stock worth $6,214,000 after purchasing an additional 1,896 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its stake in Amphenol by 1.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 38,390 shares of the electronics maker’s stock valued at $2,501,000 after buying an additional 478 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 1.9 %

APH stock opened at $61.76 on Tuesday. Amphenol Co. has a fifty-two week low of $54.27 and a fifty-two week high of $79.39. The stock has a fifty day moving average of $69.15 and a 200-day moving average of $68.67. The company has a market capitalization of $74.79 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. As a group, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

Several research firms have weighed in on APH. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five equities research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.