Norges Bank Makes New Investment in Amphenol Co. (NYSE:APH)

Norges Bank purchased a new position in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,853,043 shares of the electronics maker’s stock, valued at approximately $1,378,794,000. Norges Bank owned approximately 1.65% of Amphenol as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Caisse Des Depots ET Consignations bought a new stake in shares of Amphenol during the fourth quarter worth about $376,000. AssuredPartners Investment Advisors LLC acquired a new position in shares of Amphenol in the fourth quarter worth approximately $493,000. NEOS Investment Management LLC boosted its holdings in Amphenol by 42.8% in the fourth quarter. NEOS Investment Management LLC now owns 78,705 shares of the electronics maker’s stock valued at $5,466,000 after acquiring an additional 23,603 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Amphenol by 12.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,993,329 shares of the electronics maker’s stock worth $139,782,000 after purchasing an additional 226,021 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of Amphenol by 0.8% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 808,150 shares of the electronics maker’s stock valued at $56,126,000 after purchasing an additional 6,100 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

Shares of Amphenol stock opened at $67.54 on Thursday. 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 $81.84 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business’s fifty day simple moving average is $67.95 and its 200 day simple moving average is $68.69. 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 posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.05 billion. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 currently 34.55%.

Wall Street Analyst Weigh In

A number of analysts have commented on APH shares. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial lifted 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. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.