Amphenol Co. (NYSE:APH) Holdings Lifted by Cibc World Markets Corp

Cibc World Markets Corp grew its position in Amphenol Co. (NYSE:APH) by 241.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 558,175 shares of the electronics maker’s stock after purchasing an additional 394,874 shares during the period. Cibc World Markets Corp’s holdings in Amphenol were worth $38,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tacita Capital Inc grew its position in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter worth approximately $32,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on APH shares. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 2.4 %

Shares of Amphenol stock opened at $63.08 on Monday. The company’s fifty day moving average price is $68.57 and its two-hundred day moving average price is $68.55. The firm has a market capitalization of $76.39 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52-week low of $54.72 and a 52-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, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. 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.