Sequoia Financial Advisors LLC Purchases 3,774 Shares of Amphenol Co. (NYSE:APH)

Sequoia Financial Advisors LLC increased its position in shares of Amphenol Co. (NYSE:APH) by 20.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,556 shares of the electronics maker’s stock after acquiring an additional 3,774 shares during the period. Sequoia Financial Advisors LLC’s holdings in Amphenol were worth $1,567,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APH. Blue Trust Inc. grew its stake in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management lifted its holdings in Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after buying an additional 25,007 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after buying an additional 90,450 shares during the last quarter. LMR Partners LLP raised its position in shares of Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after acquiring an additional 223,784 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after acquiring an additional 19,496 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $63.08 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $68.57 and a two-hundred day simple moving average of $68.53. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The firm has a market capitalization of $76.39 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. Analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 annualized dividend and a dividend yield of 1.05%. Amphenol’s payout ratio is 34.55%.

Analyst Upgrades and Downgrades

APH has been the subject of several analyst reports. Citigroup raised 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. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted 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. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.