Amphenol Co. (NYSE:APH) Stock Holdings Lessened by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its holdings in Amphenol Co. (NYSE:APH) by 11.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 116,950 shares of the electronics maker’s stock after selling 15,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Amphenol were worth $8,122,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the period. Geode Capital Management LLC increased its holdings in shares of Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Amphenol by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after acquiring an additional 63,180 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after acquiring an additional 1,073,480 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on APH. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Robert W. Baird raised 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. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial lifted 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. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Up 0.1 %

NYSE:APH opened at $68.95 on Wednesday. Amphenol Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The firm has a market cap of $83.13 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 1.99 and a beta of 1.23. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $71.02 and its 200-day moving average is $68.54.

Amphenol (NYSE:APH) last announced 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Amphenol’s revenue was up 29.8% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.96%. Amphenol’s dividend payout ratio (DPR) is 34.46%.

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.