Physician Wealth Advisors Inc. Sells 203 Shares of Amphenol Co. (NYSE:APH)

Physician Wealth Advisors Inc. reduced its position in shares of Amphenol Co. (NYSE:APH) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,949 shares of the electronics maker’s stock after selling 203 shares during the period. Physician Wealth Advisors Inc.’s holdings in Amphenol were worth $205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc lifted its position in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. grew its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Continuum Advisory LLC increased its position in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APH has been the topic of several research reports. Citigroup lifted 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. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

Amphenol stock opened at $66.56 on Friday. The stock has a market cap of $80.66 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $67.86 and a 200 day simple moving average of $68.78. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. On average, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared 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. This represents a $0.66 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.