Amphenol Co. (NYSE:APH) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its position in Amphenol Co. (NYSE:APH) by 25.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,277 shares of the electronics maker’s stock after purchasing an additional 9,177 shares during the quarter. Amphenol comprises about 0.6% of Aigen Investment Management LP’s holdings, making the stock its 28th largest position. Aigen Investment Management LP’s holdings in Amphenol were worth $3,144,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Princeton Global Asset Management LLC grew its holdings in Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after buying an additional 136 shares in the last quarter. WASHINGTON TRUST Co increased its stake in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 147 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc raised its stake in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after acquiring an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after buying an additional 173 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research 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, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Down 0.7 %

Shares of APH stock opened at $63.00 on Wednesday. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. 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 company has a market cap of $76.30 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.92 and a beta of 1.25. The firm has a fifty day moving average price of $69.80 and a 200-day moving average price of $68.79.

Amphenol (NYSE:APH) last issued its 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. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’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 earnings per share. As a group, equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm 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. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 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.