GAM Holding AG Lowers Stock Holdings in Amphenol Co. (NYSE:APH)

GAM Holding AG reduced its stake in shares of Amphenol Co. (NYSE:APH) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,703 shares of the electronics maker’s stock after selling 2,743 shares during the quarter. GAM Holding AG’s holdings in Amphenol were worth $1,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Sierra Ocean LLC bought a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Amphenol during the fourth quarter valued at about $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol in the fourth quarter worth about $49,000. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on APH. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised 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. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

APH stock opened at $68.95 on Wednesday. The firm has a 50 day moving average price of $71.02 and a 200-day moving average price of $68.54. Amphenol Co. has a 52-week low of $52.06 and a 52-week high of $79.39. The firm has a market capitalization of $83.13 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

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, beating 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business earned $0.82 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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 issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.96%. 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.