Amphenol Co. (NYSE:APH) Holdings Raised by Lyell Wealth Management LP

Lyell Wealth Management LP boosted its stake in Amphenol Co. (NYSE:APH) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,057 shares of the electronics maker’s stock after buying an additional 2,965 shares during the quarter. Lyell Wealth Management LP’s holdings in Amphenol were worth $11,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB increased its stake in shares of Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Amphenol by 420.0% during the 3rd quarter. Blue Trust Inc. now owns 8,773 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 7,086 shares during the last quarter. Raymond James & Associates increased its stake in shares of Amphenol by 31.5% during the 3rd quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock worth $29,616,000 after purchasing an additional 108,965 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Amphenol by 8.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Amphenol by 0.9% during the 3rd quarter. Signaturefd LLC now owns 33,103 shares of the electronics maker’s stock worth $2,157,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $68.95 on Wednesday. The company has a 50-day moving average of $71.02 and a 200-day moving average of $68.54. The company has a market capitalization of $83.13 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 52 week low of $52.06 and a 52 week high of $79.39. 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 (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is 34.46%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APH. JPMorgan Chase & Co. raised their target price 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. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial raised their target price 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. Bank of America raised their target price 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. Finally, TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

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.