Vinva Investment Management Ltd Acquires 9,307 Shares of Amphenol Co. (NYSE:APH)

Vinva Investment Management Ltd increased its holdings in shares of Amphenol Co. (NYSE:APH) by 20.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 55,792 shares of the electronics maker’s stock after purchasing an additional 9,307 shares during the quarter. Vinva Investment Management Ltd’s holdings in Amphenol were worth $3,878,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of APH. Swedbank AB increased its stake in Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares in the last quarter. Caprock Group LLC boosted its position in Amphenol by 3.4% during the 3rd quarter. Caprock Group LLC now owns 30,884 shares of the electronics maker’s stock worth $2,018,000 after acquiring an additional 1,013 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Amphenol by 31.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,113 shares of the electronics maker’s stock worth $73,000 after acquiring an additional 265 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Amphenol by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,243,376 shares of the electronics maker’s stock worth $81,018,000 after acquiring an additional 7,521 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Amphenol during the 3rd quarter worth approximately $4,573,000. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 5.8 %

Shares of Amphenol stock opened at $67.53 on Thursday. The business has a fifty day simple moving average of $68.19 and a two-hundred day simple moving average of $68.50. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The company has a market capitalization of $81.79 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.92 and a beta of 1.25. 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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. 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. The company’s quarterly revenue was up 29.8% on a year-over-year basis. Research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analysts Set New Price Targets

A number of research firms have weighed in on APH. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five equities research 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 stock. According to data from MarketBeat, Amphenol currently has an average 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.