Proficio Capital Partners LLC Grows Stock Position in Amphenol Co. (NYSE:APH)

Proficio Capital Partners LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 12,865.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 945,565 shares of the electronics maker’s stock after buying an additional 938,272 shares during the period. Proficio Capital Partners LLC owned approximately 0.08% of Amphenol worth $65,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of APH. Oppenheimer & Co. Inc. grew its position in Amphenol by 0.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 54,305 shares of the electronics maker’s stock valued at $3,771,000 after acquiring an additional 245 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Amphenol by 3.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 474,956 shares of the electronics maker’s stock valued at $32,986,000 after acquiring an additional 15,000 shares during the last quarter. New York Life Investment Management LLC grew its position in Amphenol by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 161,765 shares of the electronics maker’s stock valued at $11,235,000 after acquiring an additional 1,431 shares during the last quarter. GenTrust LLC bought a new position in Amphenol in the 4th quarter valued at $211,000. Finally, SRN Advisors LLC bought a new position in Amphenol in the 4th quarter valued at $832,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 1.2 %

Amphenol stock opened at $65.41 on Friday. The stock has a 50-day moving average of $70.21 and a two-hundred day moving average of $68.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a one year low of $53.85 and a one year high of $79.39. The stock has a market cap of $79.21 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 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 company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business posted $0.82 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company 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. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

Wall Street Analyst Weigh In

Several equities analysts have commented on APH shares. Citigroup upped 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. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five investment 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 stock. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol 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.