OFI Invest Asset Management Acquires Shares of 654 Amphenol Co. (NYSE:APH)

OFI Invest Asset Management acquired a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 654 shares of the electronics maker’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Swedbank AB lifted its stake in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after buying an additional 1,000,000 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Amphenol in the third quarter worth about $606,000. Assetmark Inc. lifted its stake in shares of Amphenol by 12.3% in the third quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock worth $2,537,000 after buying an additional 4,272 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Amphenol by 2.0% in the third quarter. Atria Investments Inc now owns 95,363 shares of the electronics maker’s stock worth $6,214,000 after buying an additional 1,896 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its stake in shares of Amphenol by 1.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 38,390 shares of the electronics maker’s stock worth $2,501,000 after buying an additional 478 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of APH opened at $61.76 on Tuesday. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The stock has a market cap of $74.79 billion, a PE ratio of 32.25, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a 50-day simple moving average of $69.15 and a two-hundred day simple moving average of $68.67. 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, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APH. Citigroup raised their price target 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. Robert W. Baird raised 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. Truist Financial raised their price target 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. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Bank of America raised their price objective 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. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Profile

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.