Amphenol Co. (NYSE:APH) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,136,514 shares of the electronics maker’s stock after selling 703,998 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Amphenol were worth $1,537,381,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Amphenol in the fourth quarter worth approximately $1,378,794,000. Wellington Management Group LLP lifted its holdings in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after buying an additional 6,039,845 shares during the period. Madison Investment Advisors LLC bought a new position in Amphenol during the fourth quarter valued at about $157,749,000. Vanguard Group Inc. grew its holdings in Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Amphenol by 89.5% in 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 acquiring an additional 2,032,402 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 0.6 %

APH stock opened at $65.96 on Wednesday. The company has a 50 day moving average of $67.65 and a two-hundred day moving average of $68.86. The company has a market cap of $79.93 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. 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 data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.05 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

A number of analysts recently commented on APH shares. 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 report on Thursday, January 23rd. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

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.