Cibc World Markets Corp Acquires 394,874 Shares of Amphenol Co. (NYSE:APH)

Cibc World Markets Corp boosted its stake in shares of Amphenol Co. (NYSE:APH) by 241.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 558,175 shares of the electronics maker’s stock after acquiring an additional 394,874 shares during the quarter. Cibc World Markets Corp’s holdings in Amphenol were worth $38,765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in APH. Madison Investment Advisors LLC bought a new stake in Amphenol during the 4th quarter worth about $157,749,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Amphenol by 89.5% during the third 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 bought a new position in Amphenol in the 3rd quarter valued at $113,828,000. Los Angeles Capital Management LLC boosted its position in 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 buying an additional 1,632,014 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Amphenol in the fourth quarter valued at about $109,276,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APH. Citigroup raised their target price 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. Bank of America raised 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 raised 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. JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Performance

Shares of APH opened at $63.08 on Monday. 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 twelve month low of $54.72 and a twelve month high of $79.39. The firm’s 50 day moving average price is $68.57 and its two-hundred day moving average price is $68.55. The firm has a market cap of $76.39 billion, a P/E ratio of 32.94, a PEG 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 the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 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.