Guggenheim Capital LLC Has $2.34 Million Holdings in Amphenol Co. (NYSE:APH)

Guggenheim Capital LLC trimmed its position in shares of Amphenol Co. (NYSE:APH) by 50.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,753 shares of the electronics maker’s stock after selling 34,269 shares during the quarter. Guggenheim Capital LLC’s holdings in Amphenol were worth $2,344,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Tacita Capital Inc lifted its stake in shares of 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 buying an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the 4th quarter valued at about $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $32,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

Shares of APH opened at $65.13 on Friday. 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 firm has a market cap of $78.93 billion, a PE ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $79.39. The stock’s fifty day moving average price is $65.39 and its two-hundred day moving average price is $68.73.

Amphenol (NYSE:APH) last released its quarterly earnings data 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 the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The company’s revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group cut their target price on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.40.

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.