Avidian Wealth Enterprises LLC Makes New $212,000 Investment in Amphenol Co. (NYSE:APH)

Avidian Wealth Enterprises LLC bought a new stake in Amphenol Co. (NYSE:APH) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,050 shares of the electronics maker’s stock, valued at approximately $212,000.

A number of other large investors have also recently bought and sold shares of the company. Portfolio Design Labs LLC lifted its position in shares of Amphenol by 20.5% in the fourth quarter. Portfolio Design Labs LLC now owns 103,215 shares of the electronics maker’s stock worth $7,168,000 after purchasing an additional 17,577 shares in the last quarter. Fortress Financial Solutions LLC acquired a new position in shares of Amphenol during the 4th quarter worth about $416,000. New Republic Capital LLC grew its holdings in shares of Amphenol by 4.2% in the 4th quarter. New Republic Capital LLC now owns 4,516 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 181 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Amphenol in the fourth quarter valued at about $608,000. Finally, Regents Gate Capital LLP bought a new stake in Amphenol during the fourth quarter worth about $13,972,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial increased their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five equities research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Down 0.7 %

Amphenol stock opened at $68.88 on Friday. Amphenol Co. has a twelve month low of $52.06 and a twelve month high of $79.39. The stock has a market cap of $83.42 billion, a P/E ratio of 35.97, a P/E/G ratio of 1.99 and a beta of 1.23. The company’s 50-day moving average price is $71.29 and its two-hundred day moving average price is $68.31. 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 released its quarterly 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 business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is 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.