Talos Asset Management LP Invests $9.76 Million in Amphenol Co. (NYSE:APH)

Talos Asset Management LP acquired a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, HoldingsChannel reports. The firm acquired 140,500 shares of the electronics maker’s stock, valued at approximately $9,758,000. Amphenol accounts for approximately 2.3% of Talos Asset Management LP’s portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tacita Capital Inc grew its holdings in 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 buying an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. grew its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APH shares. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Performance

Shares of APH stock opened at $67.53 on Thursday. The business’s 50-day moving average price is $68.19 and its 200-day moving average price is $68.50. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The firm has a market capitalization of $81.79 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.37, a quick ratio of 1.75 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 return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 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.