Pictet Asset Management Holding SA Sells 45,383 Shares of Amphenol Co. (NYSE:APH)

Pictet Asset Management Holding SA lessened its stake in Amphenol Co. (NYSE:APH) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 599,606 shares of the electronics maker’s stock after selling 45,383 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Amphenol were worth $41,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of APH. Vanguard Group Inc. increased its stake 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 buying an additional 2,108,578 shares during the last quarter. State Street Corp increased its position in shares of Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares during the period. Norges Bank purchased a new position in Amphenol in the fourth quarter worth $1,378,794,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Amphenol by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after purchasing an additional 201,600 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup increased their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Performance

Shares of APH opened at $66.56 on Monday. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The stock’s 50-day simple moving average is $67.86 and its 200 day simple moving average is $68.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market capitalization of $80.66 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for 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 for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.