News

Jan 03, 2024

Victory Capital Management Inc. Buys 17,217 Shares of Amphenol Co. (NYSE:APH)

Victory Capital Management Inc. raised its stake in shares of Amphenol Co.

Victory Capital Management Inc. raised its stake in shares of Amphenol Co. (NYSE:APH - Get Rating) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,439,469 shares of the electronics maker's stock after purchasing an additional 17,217 shares during the period. Amphenol accounts for approximately 0.5% of Victory Capital Management Inc.'s holdings, making the stock its 15th biggest position. Victory Capital Management Inc. owned 1.08% of Amphenol worth $490,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System grew its position in Amphenol by 1.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 46,054 shares of the electronics maker's stock worth $3,507,000 after acquiring an additional 631 shares in the last quarter. Ieq Capital LLC raised its holdings in Amphenol by 9.9% during the 4th quarter. Ieq Capital LLC now owns 43,291 shares of the electronics maker's stock valued at $3,296,000 after buying an additional 3,893 shares during the period. Principal Street Partners LLC lifted its position in Amphenol by 11.2% in the third quarter. Principal Street Partners LLC now owns 7,297 shares of the electronics maker's stock worth $489,000 after buying an additional 737 shares during the last quarter. Ergoteles LLC purchased a new position in Amphenol during the third quarter worth $769,000. Finally, Avitas Wealth Management LLC increased its position in Amphenol by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 29,210 shares of the electronics maker's stock valued at $2,224,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 94.01% of the company's stock.

In other news, insider Jean-Luc Gavelle sold 184,100 shares of the firm's stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $74.67, for a total value of $13,746,747.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.22% of the company's stock.

APH has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on shares of Amphenol from $91.00 to $87.00 in a research note on Thursday, April 27th. StockNews.com initiated coverage on shares of Amphenol in a research note on Thursday, May 18th. They issued a "hold" rating on the stock. Finally, Credit Suisse Group downgraded shares of Amphenol from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $91.00 to $77.00 in a research note on Thursday, May 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $84.75.

APH stock opened at $78.85 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.64 and a quick ratio of 1.77. The company has a market capitalization of $46.94 billion, a PE ratio of 25.52, a P/E/G ratio of 3.19 and a beta of 1.23. The firm's 50-day moving average is $76.63 and its 200 day moving average is $78.02. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $82.86.

Amphenol (NYSE:APH - Get Rating) last posted its earnings results on Wednesday, April 26th. The electronics maker reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.91 billion. Amphenol had a net margin of 15.15% and a return on equity of 27.10%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. On average, research analysts anticipate that Amphenol Co. will post 2.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Tuesday, June 20th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, June 16th. Amphenol's dividend payout ratio is currently 27.18%.

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.

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