Amphenol Co. (NYSE:APH) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its position in Amphenol Co. (NYSE:APH) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 202,980 shares of the electronics maker’s stock after selling 15,552 shares during the quarter. Boothbay Fund Management LLC’s holdings in Amphenol were worth $14,097,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after buying an additional 18,322 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Consolidated Planning Corp lifted its stake in shares of Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Pines Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at about $553,000. Finally, Kanawha Capital Management LLC grew its stake in Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after purchasing an additional 6,481 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH stock opened at $75.81 on Friday. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $79.39. The stock has a market capitalization of $91.87 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 1.92 and a beta of 1.17. 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’s fifty day moving average is $65.53 and its two-hundred day moving average is $68.95.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business posted $0.40 EPS. On average, research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research note on Thursday. Citigroup increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.58.

About Amphenol

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.