Swiss National Bank Cuts Stake in Amphenol Co. (NYSE:APH)

Swiss National Bank lowered its position in shares of Amphenol Co. (NYSE:APH) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,402,000 shares of the electronics maker’s stock after selling 163,400 shares during the quarter. Swiss National Bank owned 0.28% of Amphenol worth $236,269,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the 4th quarter valued at about $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $62.88 on Thursday. Amphenol Co. has a 12-month low of $54.27 and a 12-month high of $79.39. The stock has a market capitalization of $76.15 billion, a P/E ratio of 32.83, a P/E/G ratio of 1.92 and a beta of 1.25. The firm’s 50-day moving average is $68.86 and its two-hundred day moving average is $68.59. 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 (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.05 billion. During the same period last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. Amphenol’s dividend payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America increased 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. Robert W. Baird increased 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. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial increased 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, JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five equities research 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 company’s stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target 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.