ExodusPoint Capital Management LP Buys Shares of 26,345 Amphenol Co. (NYSE:APH)

ExodusPoint Capital Management LP bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 26,345 shares of the electronics maker's stock, valued at approximately $1,830,000.

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc increased its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. lifted its position in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 234 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 0.8 %

APH stock traded up $0.53 during mid-day trading on Monday, reaching $65.93. 791,704 shares of the stock traded hands, compared to its average volume of 7,384,855. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The stock's fifty day moving average is $65.88 and its 200-day moving average is $68.71. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market cap of $79.89 billion, a P/E ratio of 34.43, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The company's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is currently 34.55%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APH shares. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. UBS Group cut their price target on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group cut their price objective on Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $80.60.

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.