Thrivent Financial for Lutherans Purchases 150,355 Shares of Amphenol Co. (NYSE:APH)

Thrivent Financial for Lutherans lifted its holdings in Amphenol Co. (NYSE:APH) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 938,173 shares of the electronics maker’s stock after purchasing an additional 150,355 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Amphenol worth $65,221,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Madison Investment Advisors LLC bought a new position in Amphenol in the 4th quarter worth approximately $157,749,000. Jacobs Levy Equity Management Inc. increased its position in 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 period. Two Sigma Advisers LP acquired a new position in Amphenol during the 3rd quarter valued at $113,828,000. Los Angeles Capital Management LLC boosted its holdings in Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after purchasing an additional 1,632,014 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Amphenol in the 4th quarter worth $109,276,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Performance

NYSE:APH opened at $67.53 on Thursday. The stock has a market capitalization of $81.79 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The firm has a 50 day moving average of $68.19 and a 200-day moving average of $68.50.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 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.