Amphenol Co. (NYSE:APH) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 529.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,369 shares of the electronics maker's stock after purchasing an additional 26,384 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Amphenol were worth $2,179,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Brown Brothers Harriman & Co. boosted its stake 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 buying an additional 166 shares during the period. Continuum Advisory LLC increased 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 worth $32,000 after buying an additional 234 shares during the period. Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at approximately $32,000. Finally, Endeavor Private Wealth Inc. purchased a new position in Amphenol in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APH shares. Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased 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. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" 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, The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report 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. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Stock Performance

Shares of NYSE APH traded up $1.11 during midday trading on Friday, reaching $66.57. 10,480,849 shares of the company were exchanged, compared to its average volume of 7,856,942. The stock has a fifty day simple moving average of $70.21 and a 200 day simple moving average of $68.75. 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 stock has a market cap of $80.62 billion, a P/E ratio of 34.76, a PEG ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 1 year low of $54.24 and a 1 year high of $79.39.

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. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.