Semanteon Capital Management LP Buys 4,117 Shares of Amphenol Co. (NYSE:APH)

Semanteon Capital Management LP raised its stake in shares of Amphenol Co. (NYSE:APH) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,904 shares of the electronics maker’s stock after purchasing an additional 4,117 shares during the quarter. Amphenol accounts for about 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 22nd biggest holding. Semanteon Capital Management LP’s holdings in Amphenol were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in Amphenol by 4.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 106,174 shares of the electronics maker’s stock valued at $7,374,000 after acquiring an additional 4,929 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Amphenol by 2.5% in the 4th quarter. Whittier Trust Co. now owns 256,851 shares of the electronics maker’s stock worth $17,838,000 after purchasing an additional 6,271 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of Amphenol by 14.6% during the 4th quarter. iA Global Asset Management Inc. now owns 127,739 shares of the electronics maker’s stock valued at $8,871,000 after purchasing an additional 16,233 shares during the last quarter. Talos Asset Management LP purchased a new position in shares of Amphenol during the 4th quarter valued at about $9,758,000. Finally, Fiduciary Group LLC lifted its position in Amphenol by 10.2% in the 4th quarter. Fiduciary Group LLC now owns 14,990 shares of the electronics maker’s stock worth $1,041,000 after buying an additional 1,393 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group increased 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

APH stock opened at $66.35 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The firm has a 50-day moving average of $68.08 and a 200 day moving average of $68.48. The company has a market cap of $80.35 billion, a P/E ratio of 34.65, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current 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 given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

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.