Magnetar Financial LLC Sells 87,663 Shares of Amphenol Co. (NYSE:APH)

Magnetar Financial LLC lowered its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 86.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,191 shares of the electronics maker's stock after selling 87,663 shares during the period. Magnetar Financial LLC's holdings in Amphenol were worth $986,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of APH. Madison Investment Advisors LLC bought a new position in shares of Amphenol during the fourth quarter worth approximately $157,749,000. Jacobs Levy Equity Management Inc. increased its position in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after buying an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Amphenol in the third quarter valued at about $113,828,000. Los Angeles Capital Management LLC grew its stake in shares of Amphenol by 3,103.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker's stock valued at $116,995,000 after acquiring an additional 1,632,014 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Amphenol in the 4th quarter worth about $109,276,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of Amphenol stock traded down $1.96 during midday trading on Wednesday, hitting $67.54. 6,915,136 shares of the company traded hands, compared to its average volume of 6,931,502. The stock has a market cap of $81.84 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm's fifty day moving average price is $68.02 and its 200-day moving average price is $68.69. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

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Amphenol (NYSE:APH - Get Free Report) 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 net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.82 earnings per share. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is 34.55%.

Analyst Ratings Changes

APH has been the topic of several recent research reports. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

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.