Adage Capital Partners GP L.L.C. Has $88.13 Million Position in Amphenol Co. (NYSE:APH)

Adage Capital Partners GP L.L.C. lessened its holdings in Amphenol Co. (NYSE:APH - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,268,920 shares of the electronics maker's stock after selling 153,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.11% of Amphenol worth $88,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of APH. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after purchasing an additional 2,108,578 shares in the last quarter. FMR LLC grew its position in Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC lifted its position in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after purchasing an additional 659,560 shares during the period. Finally, Norges Bank purchased a new stake in Amphenol during the 4th quarter valued at $1,378,794,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE APH traded up $0.39 during mid-day trading on Tuesday, hitting $76.27. The company had a trading volume of 1,587,617 shares, compared to its average volume of 7,438,210. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $92.42 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 1.92 and a beta of 1.17. The firm's 50 day simple moving average is $65.65 and its two-hundred day simple moving average is $69.08.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. Amphenol's dividend payout ratio is 32.04%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APH. Robert W. Baird increased their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Citigroup upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $82.58.

Amphenol Company 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.