Symmetry Investments LP Purchases New Position in Amphenol Co. (NYSE:APH)

Symmetry Investments LP acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 42,700 shares of the electronics maker's stock, valued at approximately $2,966,000.

Several other hedge funds and other institutional investors have also made changes to their positions in APH. Tacita Capital Inc grew its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new stake in Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% in 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 in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH traded down $0.50 during trading hours on Monday, reaching $75.35. 2,605,586 shares of the company traded hands, compared to its average volume of 7,448,290. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average price of $65.53 and a 200-day moving average price of $69.01. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39. The stock has a market capitalization of $91.31 billion, a P/E ratio of 39.32, a P/E/G ratio of 1.92 and a beta of 1.17.

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, beating the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The company's quarterly revenue was up 47.7% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.88%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APH. Truist Financial increased their price objective 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. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus target price of $82.58.

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.