Knightsbridge Asset Management LLC Sells 384 Shares of Amphenol Co. (NYSE:APH)

by · The Cerbat Gem

Knightsbridge Asset Management LLC trimmed its position in shares of Amphenol Co. (NYSE:APH – Free Report) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,981 shares of the electronics maker’s stock after selling 384 shares during the quarter. Knightsbridge Asset Management LLC’s holdings in Amphenol were worth $2,013,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol during the fourth quarter valued at $28,000. Rakuten Securities Inc. raised its stake in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Amphenol in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 7.0 %

Amphenol stock opened at $76.13 on Friday. 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 Co. has a 12 month low of $54.77 and a 12 month high of $79.39. The stock’s 50 day simple moving average is $65.39 and its two-hundred day simple moving average is $68.87. The firm has a market cap of $92.25 billion, a PE ratio of 39.75, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH – Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. During the same period in the prior year, the business earned $0.40 earnings per share. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday. Citigroup raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $82.58.

View Our Latest Stock Analysis on Amphenol

Amphenol Profile

(Free Report)

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.

Further Reading

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