Nomura Holdings Inc. boosted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 1,679.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,243 shares of the electronics maker's stock after acquiring an additional 59,688 shares during the quarter. Nomura Holdings Inc.'s holdings in Amphenol were worth $4,392,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after acquiring an additional 18,322 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after purchasing an additional 25,007 shares during the period. Consolidated Planning Corp boosted its holdings in Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after buying an additional 4,631 shares in the last quarter. Kanawha Capital Management LLC increased its holdings in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after buying an additional 6,481 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $53,030,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Insider Buying and Selling
In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 87,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the transaction, the vice president now directly owns 12,500 shares in the company, valued at $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on APH shares. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Bank of America lifted their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $81.62.
Check Out Our Latest Analysis on Amphenol
Amphenol Trading Down 0.7%
NYSE APH traded down $0.61 during trading hours on Monday, hitting $86.27. 8,316,036 shares of the company's stock were exchanged, compared to its average volume of 7,526,263. The business's 50 day moving average is $70.41 and its 200-day moving average is $70.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $86.96. The firm has a market capitalization of $104.35 billion, a P/E ratio of 45.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.
Amphenol Profile
(
Free Report)
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.
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