SRN Advisors LLC Buys Shares of 11,978 Amphenol Co. (NYSE:APH)

SRN Advisors LLC purchased a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,978 shares of the electronics maker's stock, valued at approximately $832,000.

Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $57,000. Oregon Public Employees Retirement Fund increased its stake in shares of Amphenol by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 103,378 shares of the electronics maker's stock worth $7,180,000 after buying an additional 340 shares during the period. LGL Partners LLC purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $207,000. Longbow Finance SA increased its stake in shares of Amphenol by 5.0% during the fourth quarter. Longbow Finance SA now owns 99,043 shares of the electronics maker's stock worth $6,879,000 after buying an additional 4,691 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in 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 purchasing an additional 1,632,014 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH traded up $1.11 during mid-day trading on Friday, reaching $66.57. 10,480,849 shares of the company's stock were exchanged, compared to its average volume of 7,859,414. 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 business's fifty day simple moving average is $70.13 and its 200-day simple moving average is $68.77. Amphenol Co. has a 52-week low of $54.24 and a 52-week high of $79.39. The stock has a market capitalization of $80.62 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last 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. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued 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 is Tuesday, March 18th. Amphenol's dividend payout ratio is presently 34.55%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial increased their price target 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. The Goldman Sachs Group increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" 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, the stock currently has a consensus 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.