Nisa Investment Advisors LLC Has $31.19 Million Stock Position in Amphenol Corporation (NYSE:APH)

Nisa Investment Advisors LLC trimmed its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 474,402 shares of the electronics maker's stock after selling 65,394 shares during the period. Nisa Investment Advisors LLC's holdings in Amphenol were worth $31,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Topsail Wealth Management LLC bought a new position in shares of Amphenol during the 1st quarter valued at $594,000. Linden Thomas Advisory Services LLC increased its position in Amphenol by 1.8% during the first quarter. Linden Thomas Advisory Services LLC now owns 26,166 shares of the electronics maker's stock valued at $1,716,000 after acquiring an additional 451 shares during the last quarter. Greenleaf Trust lifted its holdings in Amphenol by 2.6% in the first quarter. Greenleaf Trust now owns 58,382 shares of the electronics maker's stock valued at $3,829,000 after acquiring an additional 1,503 shares during the period. Optimum Investment Advisors grew its stake in shares of Amphenol by 4.0% during the 1st quarter. Optimum Investment Advisors now owns 4,227 shares of the electronics maker's stock valued at $277,000 after purchasing an additional 164 shares during the period. Finally, OMNI 360 Wealth Inc. purchased a new stake in Amphenol during the first quarter valued at approximately $234,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president owned 51,400 shares of the company's stock, valued at $3,920,792. This represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on APH. UBS Group increased their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Robert W. Baird boosted their price objective 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. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Finally, Evercore ISI increased their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.15.

Amphenol Stock Performance

APH stock traded up $0.43 during trading on Friday, hitting $98.74. The company had a trading volume of 6,716,903 shares, compared to its average volume of 7,679,563. The firm has a 50-day moving average price of $91.20 and a 200-day moving average price of $76.22. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $99.99. The firm has a market cap of $119.44 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. On average, analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Amphenol's payout ratio is 32.04%.

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.