First National Advisers LLC Increases Position in Amphenol Co. (NYSE:APH)

First National Advisers LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,900 shares of the electronics maker’s stock after acquiring an additional 2,808 shares during the quarter. Amphenol accounts for about 0.8% of First National Advisers LLC’s investment portfolio, making the stock its 28th biggest position. First National Advisers LLC’s holdings in Amphenol were worth $4,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Madison Investment Advisors LLC bought a new stake in Amphenol in the fourth quarter valued at about $157,749,000. Jacobs Levy Equity Management Inc. increased its holdings in Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP bought a new stake in Amphenol in the third quarter valued at about $113,828,000. Los Angeles Capital Management LLC boosted its stake in Amphenol by 3,103.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after acquiring an additional 1,632,014 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Amphenol in the fourth quarter valued at approximately $109,276,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

NYSE APH opened at $63.08 on Friday. The business’s fifty day moving average is $68.57 and its two-hundred day moving average is $68.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The stock has a market capitalization of $76.39 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Amphenol Announces Dividend

The business also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. 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 report on Thursday, January 23rd. Five research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.