Jump Financial LLC Sells 7,581 Shares of Amphenol Co. (NYSE:APH)

Jump Financial LLC decreased its stake in shares of Amphenol Co. (NYSE:APH) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,485 shares of the electronics maker’s stock after selling 7,581 shares during the period. Amphenol makes up 0.5% of Jump Financial LLC’s investment portfolio, making the stock its 15th largest holding. Jump Financial LLC’s holdings in Amphenol were worth $25,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC bought a new position in Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol during the fourth quarter valued at $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the 4th quarter worth about $32,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

Shares of APH opened at $65.48 on Tuesday. The business has a 50-day simple moving average of $65.80 and a two-hundred day simple moving average of $68.72. The stock has a market cap of $79.35 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. 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 (NYSE:APH) last posted 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Analysts Set New Price Targets

A number of brokerages have weighed in 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. UBS Group dropped their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Truist Financial upped 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. Citigroup reduced their price target on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Monday. Finally, Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Four 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.90.

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.