Oribel Capital Management LP Invests $8.25 Million in Amphenol Co. (NYSE:APH)

Oribel Capital Management LP purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 118,800 shares of the electronics maker’s stock, valued at approximately $8,251,000.

Several other large investors have also recently added to or reduced their stakes in the company. Hemenway Trust Co LLC raised its holdings in shares of Amphenol by 4.7% during the fourth quarter. Hemenway Trust Co LLC now owns 29,610 shares of the electronics maker’s stock worth $2,056,000 after purchasing an additional 1,325 shares during the period. Envestnet Asset Management Inc. raised its stake in Amphenol by 11.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,014,009 shares of the electronics maker’s stock worth $348,223,000 after acquiring an additional 507,422 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in Amphenol by 5.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 4,709 shares of the electronics maker’s stock worth $327,000 after acquiring an additional 227 shares during the last quarter. Oarsman Capital Inc. boosted its stake in Amphenol by 2.1% in the fourth quarter. Oarsman Capital Inc. now owns 35,916 shares of the electronics maker’s stock valued at $2,494,000 after acquiring an additional 737 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Amphenol during the fourth quarter valued at approximately $70,907,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

NYSE APH opened at $59.14 on Friday. The company has a 50 day simple moving average of $66.77 and a 200-day simple moving average of $68.81. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The firm has a market capitalization of $71.67 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. 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 issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.12%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APH shares. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.