Amica Retiree Medical Trust Has $642,000 Position in Amphenol Co. (NYSE:APH)

Amica Retiree Medical Trust trimmed its holdings in Amphenol Co. (NYSE:APH) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 9,249 shares of the electronics maker’s stock after selling 801 shares during the quarter. Amica Retiree Medical Trust’s holdings in Amphenol were worth $642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Madison Investment Advisors LLC bought a new stake in shares of Amphenol in the 4th quarter valued at $157,749,000. Vanguard Group Inc. grew its holdings in Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after purchasing an additional 2,108,578 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Amphenol by 89.5% in 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 in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Amphenol during the third quarter valued at about $113,828,000. Finally, Los Angeles Capital Management LLC boosted its position in shares of 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. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APH shares. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price target 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. JPMorgan Chase & Co. lifted their price objective 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 raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of Amphenol stock opened at $67.54 on Thursday. The firm has a market capitalization of $81.84 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 business’s fifty day simple moving average is $67.95 and its 200 day simple moving average is $68.69. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last issued 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. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.98%. Amphenol’s payout ratio is 34.55%.

About Amphenol

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.