Hillsdale Investment Management Inc. Has $719,000 Position in Amphenol Co. (NYSE:APH)

Hillsdale Investment Management Inc. cut its position in Amphenol Co. (NYSE:APH) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,350 shares of the electronics maker’s stock after selling 500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Amphenol were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Madison Investment Advisors LLC acquired a new position in shares of Amphenol in the 4th quarter valued at approximately $157,749,000. Jacobs Levy Equity Management Inc. increased its position 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 worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Amphenol during the 3rd quarter worth approximately $113,828,000. Los Angeles Capital Management LLC increased its position 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 worth $116,995,000 after purchasing an additional 1,632,014 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Amphenol during the 4th quarter worth approximately $109,276,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Up 0.6 %

NYSE:APH opened at $66.78 on Monday. The firm’s fifty day moving average is $68.01 and its 200-day moving average is $68.57. 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 Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The firm has a market cap of $80.92 billion, a P/E ratio of 34.87, a P/E/G ratio of 1.92 and a beta of 1.25.

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. Equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. Amphenol’s payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

APH has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price objective 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. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five 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. According to MarketBeat.com, the stock presently 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.