Nova R Wealth Inc. Cuts Stock Position in Amphenol Co. (NYSE:APH)

Nova R Wealth Inc. lowered its stake in shares of Amphenol Co. (NYSE:APH) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,099 shares of the electronics maker’s stock after selling 333 shares during the quarter. Nova R Wealth Inc.’s holdings in Amphenol were worth $1,326,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of APH. Catalyst Financial Partners LLC boosted its position in Amphenol by 4.3% in the 4th quarter. Catalyst Financial Partners LLC now owns 4,994 shares of the electronics maker’s stock worth $347,000 after purchasing an additional 208 shares in the last quarter. Buckhead Capital Management LLC lifted its holdings in Amphenol by 0.7% in the 4th quarter. Buckhead Capital Management LLC now owns 63,459 shares of the electronics maker’s stock valued at $4,407,000 after purchasing an additional 430 shares in the last quarter. Avestar Capital LLC lifted its holdings in Amphenol by 13.2% in the 4th quarter. Avestar Capital LLC now owns 6,967 shares of the electronics maker’s stock valued at $485,000 after purchasing an additional 814 shares in the last quarter. MGB Wealth Management LLC purchased a new position in Amphenol in the 4th quarter valued at $219,000. Finally, Ingalls & Snyder LLC increased its stake in shares of Amphenol by 0.7% in the 4th quarter. Ingalls & Snyder LLC now owns 44,429 shares of the electronics maker’s stock worth $3,086,000 after acquiring an additional 323 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APH. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Citigroup boosted 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. Truist Financial lifted 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. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Down 0.5 %

Shares of APH stock opened at $69.40 on Friday. The business’s fifty day moving average price is $71.39 and its 200 day moving average price is $68.30. Amphenol Co. has a 1-year low of $51.69 and a 1-year high of $79.39. The firm has a market capitalization of $83.67 billion, a PE ratio of 36.24, a P/E/G ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company 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%. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s payout ratio is 34.46%.

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.