Golden State Wealth Management LLC Invests $111,000 in Amphenol Co. (NYSE:APH)

Golden State Wealth Management LLC purchased a new stake in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,604 shares of the electronics maker’s stock, valued at approximately $111,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Blue Trust Inc. raised its stake in shares of Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after acquiring an additional 18,322 shares during the last quarter. Spire Wealth Management boosted its position in shares of 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 purchasing an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after acquiring an additional 90,450 shares in the last quarter. LMR Partners LLP raised its holdings in shares of Amphenol by 315.1% in the 3rd 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 Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $69.81 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $84.16 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.99 and a beta of 1.23. The business’s fifty day moving average price is $71.57 and its 200-day moving average price is $68.14. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39.

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

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.