Checchi Capital Advisers LLC Has $782,000 Stake in Amphenol Co. (NYSE:APH)

Checchi Capital Advisers LLC decreased its stake in Amphenol Co. (NYSE:APH) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,256 shares of the electronics maker’s stock after selling 1,324 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Amphenol were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in APH. Jacobs Levy Equity Management Inc. lifted its stake in Amphenol by 89.5% in 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 period. Two Sigma Advisers LP acquired a new stake in shares of Amphenol during the third quarter worth about $113,828,000. Los Angeles Capital Management LLC raised its position in shares of Amphenol by 3,103.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after purchasing an additional 1,632,014 shares during the period. State Street Corp raised its position in shares of Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Amphenol by 151.7% during the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after purchasing an additional 1,332,298 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on APH shares. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Citigroup raised their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” 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 company. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Up 1.6 %

APH stock opened at $66.07 on Thursday. 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 twelve month low of $53.76 and a twelve month high of $79.39. The business has a 50 day moving average price of $70.30 and a two-hundred day moving average price of $68.77. 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 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid 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 1.00%. Amphenol’s dividend payout ratio 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.