Schonfeld Strategic Advisors LLC Purchases 552,609 Shares of Amphenol Co. (NYSE:APH)

Schonfeld Strategic Advisors LLC increased its position in shares of Amphenol Co. (NYSE:APH) by 90.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,161,490 shares of the electronics maker’s stock after buying an additional 552,609 shares during the quarter. Amphenol accounts for about 0.5% of Schonfeld Strategic Advisors LLC’s portfolio, making the stock its 16th biggest holding. Schonfeld Strategic Advisors LLC owned about 0.10% of Amphenol worth $80,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC grew its holdings in shares of Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after buying an additional 136 shares in the last quarter. WASHINGTON TRUST Co grew its stake in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc grew its stake in Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after purchasing an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its stake in Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock valued at $363,000 after purchasing an additional 177 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

APH stock opened at $75.90 on Tuesday. The stock has a market capitalization of $91.97 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company’s 50-day moving average is $65.65 and its 200-day moving average is $69.08. 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 $54.77 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last announced 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 net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.87%. Amphenol’s payout ratio is 32.04%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Robert W. Baird raised 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. The Goldman Sachs Group raised their price target on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Finally, Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.58.

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.