Avantax Advisory Services Inc. Boosts Position in Amphenol Co. (NYSE:APH)

Avantax Advisory Services Inc. increased its holdings in shares of Amphenol Co. (NYSE:APH) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,930 shares of the electronics maker’s stock after purchasing an additional 4,483 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Amphenol were worth $4,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Great Lakes Advisors LLC increased its position in shares of Amphenol by 14.1% during the 4th quarter. Great Lakes Advisors LLC now owns 7,196 shares of the electronics maker’s stock worth $500,000 after purchasing an additional 890 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Amphenol by 12.9% during the 4th quarter. Farther Finance Advisors LLC now owns 13,959 shares of the electronics maker’s stock worth $969,000 after purchasing an additional 1,600 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Amphenol by 13.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,890 shares of the electronics maker’s stock worth $270,000 after purchasing an additional 462 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Amphenol by 20.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 22,556 shares of the electronics maker’s stock worth $1,567,000 after purchasing an additional 3,774 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Amphenol by 8.6% during the 4th quarter. HighTower Advisors LLC now owns 237,920 shares of the electronics maker’s stock worth $16,524,000 after purchasing an additional 18,939 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of Amphenol stock opened at $63.08 on Friday. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The company has a market cap of $76.39 billion, a PE ratio of 32.94, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business has a 50-day simple moving average of $68.57 and a 200-day simple moving average of $68.53.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during 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 firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. 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 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.