Harvest Fund Management Co. Ltd Has $7.33 Million Stake in Amphenol Co. (NYSE:APH)

Harvest Fund Management Co. Ltd trimmed its holdings in Amphenol Co. (NYSE:APH) by 30.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 105,467 shares of the electronics maker’s stock after selling 45,835 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Amphenol were worth $7,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tacita Capital Inc increased its stake in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new position in Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after buying an additional 366 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on APH shares. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Price Performance

APH stock opened at $63.90 on Wednesday. The firm has a market cap of $77.38 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The company’s fifty day simple moving average is $68.28 and its 200 day simple moving average is $68.50.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. Amphenol’s dividend payout ratio is currently 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.