Fisher Asset Management LLC Takes $789,000 Position in Amphenol Co. (NYSE:APH)

Fisher Asset Management LLC acquired a new position in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,960 shares of the electronics maker’s stock, valued at approximately $789,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Fund Management Co Ltd. bought a new stake in Amphenol during the 4th quarter valued at approximately $234,000. First Trust Direct Indexing L.P. grew its stake in shares of Amphenol by 9.9% in the fourth quarter. First Trust Direct Indexing L.P. now owns 19,561 shares of the electronics maker’s stock worth $1,939,000 after acquiring an additional 1,768 shares during the last quarter. Summit Financial LLC increased its position in Amphenol by 19.7% during the fourth quarter. Summit Financial LLC now owns 2,967 shares of the electronics maker’s stock worth $295,000 after acquiring an additional 489 shares during the period. Buckhead Capital Management LLC raised its stake in Amphenol by 5.6% during the 4th quarter. Buckhead Capital Management LLC now owns 49,793 shares of the electronics maker’s stock valued at $4,936,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its holdings in Amphenol by 1.1% in the 4th quarter. Howe & Rusling Inc. now owns 89,066 shares of the electronics maker’s stock valued at $8,829,000 after purchasing an additional 930 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

NYSE:APH opened at $127.62 on Friday. The firm has a market cap of $76.65 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. The company’s 50-day moving average price is $114.61 and its two-hundred day moving average price is $102.06. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $127.78.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company earned $0.69 EPS. Amphenol’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts anticipate that Amphenol Co. will post 3.35 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 annualized dividend and a yield of 0.69%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Amphenol declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Stifel Nicolaus raised their price objective on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Truist Financial lifted their price objective on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group upped their target price on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Citigroup lifted their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

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.