Headlands Technologies LLC Buys 8,991 Shares of Amphenol Co. (NYSE:APH)

Headlands Technologies LLC raised its holdings in Amphenol Co. (NYSE:APH) by 15,239.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,050 shares of the electronics maker’s stock after acquiring an additional 8,991 shares during the period. Headlands Technologies LLC’s holdings in Amphenol were worth $629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Tacita Capital Inc boosted its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Amphenol during the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. raised its position in shares of Amphenol by 703.8% in the 4th 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 last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

NYSE APH opened at $67.96 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock’s fifty day moving average is $67.45 and its two-hundred day moving average is $68.85. The firm has a market capitalization of $82.35 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. On average, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.97%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Analysts Set New Price Targets

A number of research firms have commented on APH. 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. Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price 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. Finally, Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.