Aster Capital Management DIFC Ltd Acquires Shares of 4,634 Amphenol Co. (NYSE:APH)

Aster Capital Management DIFC Ltd bought a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,634 shares of the electronics maker’s stock, valued at approximately $322,000.

Several other institutional investors and hedge funds have also made changes to their positions in APH. Vanguard Group Inc. increased its position in Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the period. Geode Capital Management LLC lifted its position in Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after acquiring an additional 659,560 shares during the period. Norges Bank purchased a new position in shares of Amphenol in the 4th quarter valued at approximately $1,378,794,000. Wellington Management Group LLP increased its holdings in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Amphenol by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 6,953,231 shares of the electronics maker’s stock worth $482,902,000 after purchasing an additional 78,664 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Down 5.6 %

Shares of APH stock opened at $59.14 on Monday. The stock has a market cap of $71.67 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a fifty-two week low of $53.93 and a fifty-two week high of $79.39. The business has a fifty day simple moving average of $66.77 and a 200-day simple moving average of $68.85.

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

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APH. The Goldman Sachs Group boosted 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. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird raised 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. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average price target 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.