Amphenol Co. (NYSE:APH) Shares Bought by Horizon Investments LLC

Horizon Investments LLC increased its stake in Amphenol Co. (NYSE:APH) by 59.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 56,084 shares of the electronics maker’s stock after buying an additional 21,020 shares during the quarter. Horizon Investments LLC’s holdings in Amphenol were worth $3,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new stake in shares of Amphenol in the 4th quarter worth approximately $157,749,000. Jacobs Levy Equity Management Inc. raised its holdings in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Amphenol in the third quarter worth approximately $113,828,000. Los Angeles Capital Management LLC boosted its stake in Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after purchasing an additional 1,632,014 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Amphenol during the 4th quarter valued at $109,276,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial lifted 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. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

NYSE APH opened at $63.88 on Tuesday. The firm has a market cap of $77.37 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock’s 50-day moving average is $68.43 and its two-hundred day moving average is $68.53. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 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.