NEOS Investment Management LLC Acquires 23,603 Shares of Amphenol Co. (NYSE:APH)

NEOS Investment Management LLC increased its holdings in shares of Amphenol Co. (NYSE:APH) by 42.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,705 shares of the electronics maker’s stock after purchasing an additional 23,603 shares during the period. NEOS Investment Management LLC’s holdings in Amphenol were worth $5,466,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC purchased a new position in Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. raised its holdings in 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 in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Amphenol in the 4th quarter valued at about $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 1.0 %

NYSE:APH opened at $68.27 on Friday. The firm has a market capitalization of $82.73 billion, a P/E ratio of 35.65, a PEG ratio of 1.92 and a beta of 1.25. The company’s fifty day moving average price is $67.92 and its 200-day moving average price is $68.68. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. 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 (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a yield of 0.97%. Amphenol’s dividend payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

APH has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of 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 objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price 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 increased their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five 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 company. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.