NBC Securities Inc. Acquires 7,089 Shares of Amphenol Co. (NYSE:APH)

NBC Securities Inc. boosted its stake in Amphenol Co. (NYSE:APH - Free Report) by 101,271.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,096 shares of the electronics maker's stock after purchasing an additional 7,089 shares during the quarter. NBC Securities Inc.'s holdings in Amphenol were worth $465,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in APH. Tacita Capital Inc lifted its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. lifted its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Amphenol in the fourth quarter valued at $44,000. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider now owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president now directly owns 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 over the last quarter. Corporate insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APH. Evercore ISI raised their price target on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday. UBS Group raised their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Finally, Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $86.31.

Amphenol Stock Performance

NYSE APH traded up $0.90 during trading hours on Friday, reaching $93.42. 4,289,285 shares of the company were exchanged, compared to its average volume of 7,471,695. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.68. The business's 50 day simple moving average is $77.23 and its 200-day simple moving average is $72.24. 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 stock has a market capitalization of $113.00 billion, a P/E ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Amphenol's payout ratio is 32.04%.

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.