Vontobel Holding Ltd. Sells 91,368 Shares of Amphenol Co. (NYSE:APH)

Vontobel Holding Ltd. trimmed its stake in Amphenol Co. (NYSE:APH) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,877,971 shares of the electronics maker’s stock after selling 91,368 shares during the period. Vontobel Holding Ltd. owned 0.16% of Amphenol worth $130,425,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Amphenol by 89.5% during the third 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 during the last quarter. Two Sigma Advisers LP purchased a new stake in Amphenol during the third quarter valued at approximately $113,828,000. State Street Corp lifted its position in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after acquiring an additional 1,332,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock worth $125,899,000 after purchasing an additional 1,180,944 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of NYSE APH opened at $69.40 on Friday. The stock has a market cap of $83.67 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 12 month low of $51.69 and a 12 month high of $79.39. The company has a 50 day simple moving average of $71.39 and a two-hundred day simple moving average of $68.30. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

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

Amphenol Announces Dividend

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 issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analyst Ratings Changes

A number of analysts have recently weighed in on APH shares. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.