Lombard Odier Asset Management Switzerland SA increased its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 20.8% during the 4th quarter, Holdings Channel reports. The firm owned 51,717 shares of the electronics maker’s stock after buying an additional 8,900 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Amphenol were worth $6,989,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in shares of Amphenol in the fourth quarter worth about $26,000. Board of the Pension Protection Fund bought a new stake in shares of Amphenol in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Amphenol in the fourth quarter worth about $29,000. Tacita Capital Inc grew its stake in shares of Amphenol by 145.6% in the fourth quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in Amphenol in the fourth quarter valued at $31,000. 97.01% of the stock is owned by institutional investors.
Amphenol Stock Performance
Shares of APH stock opened at $158.86 on Wednesday. Amphenol Corporation has a 12 month low of $92.22 and a 12 month high of $167.04. The stock has a market cap of $195.43 billion, a PE ratio of 45.65, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average price is $140.93 and its 200-day moving average price is $139.87.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s payout ratio is currently 28.74%.
Insider Activity at Amphenol
In other news, CEO Richard Adam Norwitt sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 130,775 shares of company stock valued at $18,709,350. Insiders own 1.42% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on APH shares. Truist Financial lifted their price target on shares of Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 30th. BNP Paribas Exane lifted their price target on shares of Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Citigroup reaffirmed a “buy” rating and set a $180.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Jefferies Financial Group lifted their price objective on Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $178.07.
Read Our Latest Stock Analysis on APH
Amphenol Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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