BI Asset Management Fondsmaeglerselskab A S Purchases New Shares in Amphenol Co. (NYSE:APH)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 123,181 shares of the electronics maker’s stock, valued at approximately $8,555,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in APH. Tacita Capital Inc lifted its position in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. increased its position in Amphenol by 703.8% during 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 in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 0.6 %

Shares of NYSE:APH opened at $65.13 on Friday. The firm has a market cap of $78.93 billion, a P/E ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $79.39. The business’s 50 day simple moving average is $65.39 and its two-hundred day simple moving average is $68.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $0.82 EPS. Amphenol’s revenue was up 29.8% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s payout ratio is 34.55%.

Analysts Set New Price Targets

APH has been the subject of several recent research reports. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. 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 note on Thursday, January 23rd. UBS Group decreased their price target on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Citigroup cut their target price on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.40.

Amphenol Company 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.