QRG Capital Management Inc. Sells 26,992 Shares of Amphenol Co. (NYSE:APH)

QRG Capital Management Inc. lowered its position in Amphenol Co. (NYSE:APH) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 994,059 shares of the electronics maker’s stock after selling 26,992 shares during the period. Amphenol comprises 0.7% of QRG Capital Management Inc.’s holdings, making the stock its 20th largest position. QRG Capital Management Inc. owned 0.08% of Amphenol worth $69,037,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. State Street Corp increased its position 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 valued at $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC increased its position 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 valued at $1,601,540,000 after buying an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 valued at $427,363,000 after buying an additional 63,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position 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 valued at $347,297,000 after buying an additional 1,073,480 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Amphenol by 89.5% in 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 in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on APH shares. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Up 1.6 %

Amphenol stock opened at $66.07 on Thursday. The firm has a 50-day moving average of $70.30 and a 200-day moving average of $68.77. Amphenol Co. has a one year low of $53.76 and a one year 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 company has a market cap of $80.02 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $0.82 EPS. Amphenol’s revenue was up 29.8% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.