Bryn Mawr Capital Management LLC Has $8.44 Million Position in Amphenol Co. (NYSE:APH)

Bryn Mawr Capital Management LLC increased its position in shares of Amphenol Co. (NYSE:APH) by 960.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,515 shares of the electronics maker’s stock after acquiring an additional 110,054 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Amphenol were worth $8,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in APH. Swedbank AB increased its stake in shares of Amphenol by 38.5% in the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Raymond James & Associates boosted its stake in Amphenol by 31.5% in the third quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock valued at $29,616,000 after buying an additional 108,965 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Amphenol by 8.3% during the third quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after acquiring an additional 1,432 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Amphenol by 0.9% in the third quarter. Signaturefd LLC now owns 33,103 shares of the electronics maker’s stock worth $2,157,000 after acquiring an additional 288 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of Amphenol in the 3rd quarter valued at approximately $54,000. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

Amphenol stock opened at $69.67 on Thursday. The firm has a market cap of $84.37 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.96 and a beta of 1.23. The stock’s 50 day moving average is $70.94 and its 200 day moving average is $68.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a one year low of $52.06 and a one year high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Five 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

About Amphenol

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.