Amphenol Co. (NYSE:APH) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in Amphenol Co. (NYSE:APH) by 258.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,519 shares of the electronics maker’s stock after buying an additional 80,393 shares during the period. Tower Research Capital LLC TRC’s holdings in Amphenol were worth $7,745,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after purchasing an additional 2,108,578 shares during the last quarter. FMR LLC boosted its position in shares of Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after buying an additional 2,643,752 shares during the period. Geode Capital Management LLC grew its holdings in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after buying an additional 659,560 shares in the last quarter. Norges Bank acquired a new stake in Amphenol in the 4th quarter valued at approximately $1,378,794,000. Finally, Invesco Ltd. raised its stake in Amphenol by 1.2% during the 4th quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker’s stock valued at $629,073,000 after acquiring an additional 107,482 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of APH opened at $65.13 on Friday. The business’s 50-day moving average is $65.39 and its 200-day moving average is $68.73. 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 capitalization of $78.93 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company posted $0.82 EPS. Amphenol’s revenue was up 29.8% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.40.

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.