Susquehanna Fundamental Investments LLC Makes New $25.54 Million Investment in Amphenol Co. (NYSE:APH)

Susquehanna Fundamental Investments LLC acquired a new position in Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 367,706 shares of the electronics maker's stock, valued at approximately $25,537,000.

Several other institutional investors and hedge funds also recently bought and sold shares of APH. Tacita Capital Inc grew 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 valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new stake in Amphenol during the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. grew its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol during the fourth quarter worth about $32,000. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Robert W. Baird boosted their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $82.58.

Amphenol Trading Up 1.0 %

Shares of NYSE APH traded up $0.76 during midday trading on Tuesday, reaching $76.64. The company had a trading volume of 5,442,566 shares, compared to its average volume of 7,460,297. Amphenol Co. has a one year low of $54.77 and a one year high of $79.39. 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 firm's fifty day moving average price is $65.65 and its 200-day moving average price is $69.08. The stock has a market cap of $92.87 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 EPS. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $7,593,000. The trade was a 80.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,965,000 shares of company stock valued at $224,785,900. Insiders own 1.67% of the company's stock.

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.