Amphenol Co. (NYSE:APH) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC cut its holdings in shares of Amphenol Co. (NYSE:APH) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,598 shares of the electronics maker’s stock after selling 10,744 shares during the quarter. Nebula Research & Development LLC’s holdings in Amphenol were worth $2,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Norges Bank purchased a new stake in shares of Amphenol during the 4th quarter worth $1,378,794,000. Price T Rowe Associates Inc. MD raised its stake in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after buying an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after buying an additional 6,039,845 shares during the last quarter. FMR LLC boosted its position in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of Amphenol in the 4th quarter valued at about $157,749,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday. UBS Group reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a report on Thursday. Robert W. Baird lifted their target price on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America boosted 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. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.58.

Amphenol Price Performance

Shares of NYSE:APH opened at $76.13 on Friday. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $79.39. The company has a 50-day moving average price of $65.39 and a 200 day moving average price of $68.87. The company has a market cap of $92.25 billion, a P/E ratio of 39.75, a PEG 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 (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same period in the previous year, the business earned $0.40 earnings per share. Research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.55%.

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.