Kornitzer Capital Management Inc. KS Trims Position in Amphenol Co. (NYSE:APH)

Kornitzer Capital Management Inc. KS decreased its position in shares of Amphenol Co. (NYSE:APH) by 11.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 116,950 shares of the electronics maker’s stock after selling 15,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Amphenol were worth $8,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB increased its position in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Blue Trust Inc. increased its position in Amphenol by 420.0% during the third quarter. Blue Trust Inc. now owns 8,773 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 7,086 shares during the last quarter. Raymond James & Associates increased its position in Amphenol by 31.5% during the third quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock worth $29,616,000 after purchasing an additional 108,965 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Amphenol by 8.3% during the third quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Signaturefd LLC increased its position in Amphenol by 0.9% during the third quarter. Signaturefd LLC now owns 33,103 shares of the electronics maker’s stock worth $2,157,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH opened at $68.95 on Wednesday. The company has a fifty day simple moving average of $71.02 and a 200 day simple moving average of $68.54. The firm has a market cap of $83.13 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.99 and a beta of 1.23. Amphenol Co. has a twelve month low of $52.06 and a twelve month high of $79.39. 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 (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating 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 firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APH shares. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol 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.