Parallel Advisors LLC Raises Holdings in Amphenol Co. (NYSE:APH)

Parallel Advisors LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,006 shares of the electronics maker’s stock after acquiring an additional 1,773 shares during the quarter. Parallel Advisors LLC’s holdings in Amphenol were worth $1,528,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of Amphenol by 38.5% in the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the period. Thrivent Financial for Lutherans increased its holdings in Amphenol by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 787,818 shares of the electronics maker’s stock valued at $51,334,000 after buying an additional 27,942 shares in the last quarter. Caprock Group LLC raised its position in shares of Amphenol by 3.4% in the third quarter. Caprock Group LLC now owns 30,884 shares of the electronics maker’s stock worth $2,018,000 after acquiring an additional 1,013 shares during the period. Whalen Wealth Management Inc. purchased a new stake in shares of Amphenol during the 3rd quarter worth about $484,000. Finally, Meeder Asset Management Inc. grew its position in shares of Amphenol by 31.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,113 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 265 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on APH. The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 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 stock an “overweight” rating in a research note on Thursday, January 23rd. Citigroup lifted their price target 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. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

APH stock opened at $63.90 on Wednesday. Amphenol Co. has a 1 year low of $54.72 and a 1 year 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. The firm has a market capitalization of $77.38 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business has a 50 day simple moving average of $68.28 and a 200-day simple moving average of $68.50.

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

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. 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.