Golden State Wealth Management LLC Buys Shares of 1,604 Amphenol Co. (NYSE:APH)

Golden State Wealth Management LLC purchased a new stake in Amphenol Co. (NYSE:APH) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,604 shares of the electronics maker’s stock, valued at approximately $111,000.

A number of other large investors have also added to or reduced their stakes in APH. Blue Trust Inc. lifted its holdings in shares of Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Amphenol by 34.1% during the fourth 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 during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after purchasing an additional 90,450 shares in the last quarter. LMR Partners LLP raised its holdings in 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 purchasing an additional 223,784 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after purchasing an additional 19,496 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Five 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

Shares of APH opened at $69.81 on Monday. The stock has a fifty day moving average price of $71.57 and a 200 day moving average price of $68.14. The company has a market cap of $84.16 billion, a P/E ratio of 36.45, a PEG ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12 month low of $51.13 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 business posted $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

About Amphenol

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.