Newbridge Financial Services Group Inc. Boosts Stake in Amphenol Co. (NYSE:APH)

Newbridge Financial Services Group Inc. increased its holdings in shares of Amphenol Co. (NYSE:APH) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 5,483 shares of the electronics maker’s stock after buying an additional 173 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Amphenol were worth $381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Amphenol by 389.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,548 shares of the electronics maker’s stock valued at $558,000 after acquiring an additional 6,800 shares during the period. Valeo Financial Advisors LLC raised its position in Amphenol by 12.0% in the third quarter. Valeo Financial Advisors LLC now owns 8,104 shares of the electronics maker’s stock valued at $528,000 after purchasing an additional 866 shares during the period. Ritholtz Wealth Management lifted its stake in Amphenol by 49.3% during the third quarter. Ritholtz Wealth Management now owns 6,422 shares of the electronics maker’s stock worth $418,000 after purchasing an additional 2,120 shares in the last quarter. Mechanics Bank Trust Department boosted its position in shares of Amphenol by 1.1% during the third quarter. Mechanics Bank Trust Department now owns 24,330 shares of the electronics maker’s stock worth $1,585,000 after buying an additional 272 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Amphenol by 2.0% in the third quarter. Inspire Investing LLC now owns 145,107 shares of the electronics maker’s stock valued at $9,455,000 after buying an additional 2,871 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $69.81 on Monday. Amphenol Co. has a 12 month low of $51.13 and a 12 month high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market capitalization of $84.16 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The business’s fifty day moving average price is $71.57 and its 200 day moving average price is $68.14.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APH. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised 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. TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird raised their price target 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. Finally, Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Five research 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 data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average 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.