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

Proficio Capital Partners LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 86.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,615 shares of the electronics maker’s stock after buying an additional 6,322 shares during the period. Proficio Capital Partners LLC’s holdings in Amphenol were worth $946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in Amphenol by 5.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,134,637 shares of the electronics maker’s stock worth $78,801,000 after purchasing an additional 61,835 shares during the period. Torray Investment Partners LLC boosted its position in Amphenol by 1.5% during the 4th quarter. Torray Investment Partners LLC now owns 105,578 shares of the electronics maker’s stock worth $7,332,000 after purchasing an additional 1,551 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Amphenol by 34.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 9,638 shares of the electronics maker’s stock worth $670,000 after purchasing an additional 2,450 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Amphenol by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after buying an additional 201,600 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in Amphenol by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 432,174 shares of the electronics maker’s stock valued at $30,014,000 after buying an additional 1,200 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APH. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research 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 report on Thursday, January 23rd. Finally, Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of APH stock opened at $66.78 on Friday. 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 $54.72 and a one year high of $79.39. The company’s 50-day simple moving average is $68.01 and its 200-day simple moving average is $68.48. The stock has a market capitalization of $80.88 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. Equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.99%. Amphenol’s dividend payout ratio (DPR) 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.