NEOS Investment Management LLC Buys 23,603 Shares of Amphenol Co. (NYSE:APH)

NEOS Investment Management LLC grew its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 42.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,705 shares of the electronics maker's stock after acquiring an additional 23,603 shares during the period. NEOS Investment Management LLC's holdings in Amphenol were worth $5,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tacita Capital Inc grew its stake in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol in the 4th quarter worth approximately $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 valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Amphenol during the fourth quarter worth approximately $32,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

Shares of APH traded up $0.90 on Tuesday, reaching $66.49. The company's stock had a trading volume of 1,977,558 shares, compared to its average volume of 7,244,175. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The stock has a market capitalization of $80.57 billion, a P/E ratio of 34.66, a PEG ratio of 1.92 and a beta of 1.25. 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's 50 day simple moving average is $67.78 and its two-hundred day simple moving average is $68.84.

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Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the company earned $0.82 EPS. Amphenol's revenue for the quarter was up 29.8% on a year-over-year basis. Research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.

Analyst Upgrades and Downgrades

APH has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.