Susquehanna Fundamental Investments LLC Acquires Shares of 367,706 Amphenol Co. (NYSE:APH)

Susquehanna Fundamental Investments LLC bought a new stake in Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 367,706 shares of the electronics maker's stock, valued at approximately $25,537,000.

A number of other large investors have also recently modified their holdings of APH. Blue Trust Inc. lifted its stake in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after acquiring an additional 18,322 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after acquiring an additional 25,007 shares during the last quarter. Consolidated Planning Corp lifted its stake in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after acquiring an additional 4,631 shares during the last quarter. Pines Wealth Management LLC bought a new position in shares of Amphenol in the 4th quarter valued at $553,000. Finally, Kanawha Capital Management LLC raised its position in Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after purchasing an additional 6,481 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH stock traded up $1.98 on Thursday, hitting $78.93. 4,095,538 shares of the stock were exchanged, compared to its average volume of 8,510,083. 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 firm has a market capitalization of $95.65 billion, a PE ratio of 41.24, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a one year low of $54.77 and a one year high of $79.39. The firm's 50 day moving average is $65.99 and its two-hundred day moving average is $69.19.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.84%. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Ratings Changes

APH has been the subject of several research reports. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, UBS Group reiterated a "buy" rating and set a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now directly owns 447,790 shares in the company, valued at approximately $33,991,738.90. This represents a 46.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock worth $224,785,900 in the last quarter. 1.67% of the stock is owned by company insiders.

About Amphenol

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.