Amphenol Co. (NYSE:APH) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in Amphenol Co. (NYSE:APH) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,402,000 shares of the electronics maker’s stock after selling 163,400 shares during the period. Swiss National Bank’s holdings in Amphenol were worth $236,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APH. Tacita Capital Inc raised its holdings in 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 buying an additional 296 shares during the period. Sierra Ocean LLC purchased a new position in Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings 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 buying an additional 166 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APH shares. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price objective 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. Bank of America lifted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial lifted their price objective 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. Finally, 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 note on Friday, January 17th. Five investment 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 company. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Up 2.0 %

APH stock opened at $62.88 on Thursday. Amphenol Co. has a twelve month low of $54.27 and a twelve month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $76.15 billion, a P/E ratio of 32.83, a PEG ratio of 1.92 and a beta of 1.25. The firm has a 50 day simple moving average of $68.86 and a 200-day simple moving average of $68.59.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 the consensus estimate of $4.05 billion. During the same quarter last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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 given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

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.