Marshall Wace LLP Has $23.16 Million Stock Position in Amphenol Co. (NYSE:APH)

Marshall Wace LLP boosted its stake in shares of Amphenol Co. (NYSE:APH) by 163.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,518 shares of the electronics maker’s stock after purchasing an additional 206,817 shares during the quarter. Marshall Wace LLP’s holdings in Amphenol were worth $23,163,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of APH. Tacita Capital Inc raised its position in shares of Amphenol by 328.9% during 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 during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. increased its position in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Amphenol in the fourth quarter valued at $32,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $65.13 on Friday. The stock has a 50-day simple moving average of $65.39 and a 200 day simple moving average of $68.73. The stock 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. 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 $54.77 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last announced its 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. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group decreased their price objective on Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Four research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.40.

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.