Amphenol Co. (NYSE:APH) Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC grew its holdings in Amphenol Co. (NYSE:APH) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,661 shares of the electronics maker’s stock after buying an additional 2,771 shares during the period. Sowell Financial Services LLC’s holdings in Amphenol were worth $3,241,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APH. Jacobs Levy Equity Management Inc. lifted its stake in shares of Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Amphenol in the 3rd quarter valued at $113,828,000. Los Angeles Capital Management LLC lifted its stake in shares of Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after purchasing an additional 1,632,014 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Amphenol in the 4th quarter valued at $109,276,000. Finally, State Street Corp lifted its stake in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on APH. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

Shares of NYSE APH opened at $62.99 on Monday. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The company has a market cap of $76.28 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock’s 50-day moving average is $69.31 and its two-hundred day moving average is $68.71.

Amphenol (NYSE:APH) last released 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 return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal 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 issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. 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.