Talos Asset Management LP Makes New Investment in Amphenol Co. (NYSE:APH)

Talos Asset Management LP bought a new stake in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 140,500 shares of the electronics maker's stock, valued at approximately $9,758,000. Amphenol accounts for 2.3% of Talos Asset Management LP's investment portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc lifted 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 worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. boosted its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of APH stock traded up $2.76 during midday trading on Monday, hitting $69.36. The company had a trading volume of 8,475,181 shares, compared to its average volume of 6,949,213. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. 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 company's 50 day simple moving average is $68.01 and its 200 day simple moving average is $68.57. The stock has a market cap of $84.05 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.92 and a beta of 1.25.

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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 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 analysts' expectations of $4.05 billion. During the same quarter last year, the business earned $0.82 EPS. The business's revenue was up 29.8% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced 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 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is 34.55%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised 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. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

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.