Rakuten Securities Inc. Grows Stake in Amphenol Co. (NYSE:APH)

Rakuten Securities Inc. raised its stake in Amphenol Co. (NYSE:APH) by 703.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 418 shares of the electronics maker’s stock after purchasing an additional 366 shares during the quarter. Rakuten Securities Inc.’s holdings in Amphenol were worth $29,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Geode Capital Management LLC increased its position in shares of Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Amphenol by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock worth $469,501,000 after acquiring an additional 201,600 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Amphenol by 89.5% during 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 acquiring an additional 2,032,402 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Amphenol by 19.4% during the fourth quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker’s stock worth $298,653,000 after acquiring an additional 700,000 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APH shares. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup lifted their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of APH stock opened at $61.54 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $68.72 and a two-hundred day moving average of $68.54. Amphenol Co. has a 52 week low of $54.27 and a 52 week high of $79.39. The company has a market cap of $74.52 billion, a P/E ratio of 32.13, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Amphenol’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. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.