New Age Alpha Advisors LLC Takes $1.09 Million Position in Amphenol Co. (NYSE:APH)

New Age Alpha Advisors LLC bought a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 15,636 shares of the electronics maker’s stock, valued at approximately $1,086,000.

Several other hedge funds have also bought and sold shares of APH. 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 valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new stake in Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. boosted its position in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the fourth quarter worth $32,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $65.62 on Tuesday. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a market cap of $79.51 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.92 and a beta of 1.25. The firm’s fifty day moving average is $67.78 and its 200 day moving average is $68.84. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.01%. Amphenol’s payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.