21,559 Shares in Amphenol Co. (NYSE:APH) Acquired by ABC Arbitrage SA

ABC Arbitrage SA acquired a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,559 shares of the electronics maker’s stock, valued at approximately $1,497,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC increased its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in Amphenol in the fourth quarter worth approximately $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol in the fourth quarter worth approximately $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 0.7 %

Shares of Amphenol stock opened at $68.88 on Friday. The stock has a fifty day simple moving average of $71.29 and a 200 day simple moving average of $68.31. Amphenol Co. has a 12-month low of $52.06 and a 12-month high of $79.39. The company has a market capitalization of $83.42 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. 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 announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Amphenol’s revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.96%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

A number of brokerages have weighed in on APH. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, 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.