Oregon Public Employees Retirement Fund Boosts Holdings in Amphenol Co. (NYSE:APH)

Oregon Public Employees Retirement Fund increased its stake in shares of Amphenol Co. (NYSE:APH) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,378 shares of the electronics maker’s stock after buying an additional 340 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Amphenol were worth $7,180,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in APH. Jacobs Levy Equity Management Inc. increased its stake in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Amphenol in the third quarter worth about $113,828,000. Los Angeles Capital Management LLC increased its stake in shares of Amphenol by 3,103.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after purchasing an additional 1,632,014 shares in the last quarter. State Street Corp increased its stake in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after purchasing an additional 1,332,298 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. 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. Robert W. Baird lifted their target price 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. The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 1.6 %

Shares of Amphenol stock opened at $66.07 on Thursday. Amphenol Co. has a 1 year low of $53.76 and a 1 year high of $79.39. The firm has a market cap of $80.02 billion, a PE ratio of 34.50, a PEG ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company has a 50 day simple moving average of $70.30 and a two-hundred day simple moving average of $68.77.

Amphenol (NYSE:APH) last announced its 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 analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s payout ratio is presently 34.46%.

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.