Nissay Asset Management Corp Japan ADV Increases Stock Holdings in Amphenol Corporation $APH

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Amphenol Corporation by 21.7%, bringing its total ownership to $47.62 million after acquiring an additional 129,246 shares.
• Analysts are bullish on Amphenol's stock, with several firms raising their price targets, resulting in a consensus rating of "Moderate Buy" with a price target averaging $105.62.
• Amphenol announced a quarterly dividend of $0.165 per share, with the ex-dividend date set for September 16, reflecting a 0.6% yield.

Nissay Asset Management Corp Japan ADV increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 21.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 725,956 shares of the electronics maker's stock after buying an additional 129,246 shares during the quarter. Nissay Asset Management Corp Japan ADV owned about 0.06% of Amphenol worth $47,615,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nippon Life Global Investors Americas Inc. grew its stake in Amphenol by 31.9% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 159,030 shares of the electronics maker's stock worth $10,453,000 after buying an additional 38,460 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amphenol by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 168,983 shares of the electronics maker's stock valued at $11,085,000 after purchasing an additional 5,218 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Amphenol by 13.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,476 shares of the electronics maker's stock valued at $949,000 after purchasing an additional 1,693 shares during the last quarter. Ironvine Capital Partners LLC purchased a new position in shares of Amphenol in the 1st quarter valued at approximately $7,895,000. Finally, Gotham Asset Management LLC grew its stake in shares of Amphenol by 29.6% in the 1st quarter. Gotham Asset Management LLC now owns 179,894 shares of the electronics maker's stock valued at $11,799,000 after purchasing an additional 41,127 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 100,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares of the company's stock, valued at $8,449,840. The trade was a 56.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 199,848 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.43, for a total value of $22,069,214.64. Following the completion of the transaction, the chief financial officer directly owned 125,695 shares of the company's stock, valued at approximately $13,880,498.85. This trade represents a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 665,924 shares of company stock valued at $73,369,357. Company insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APH shares. Bank of America lifted their target price on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Citigroup lifted their target price on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. KGI Securities started coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. Truist Financial lifted their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Evercore ISI lifted their price target on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Price Performance

Shares of Amphenol stock traded down $2.24 during trading on Friday, reaching $110.51. The company's stock had a trading volume of 12,408,043 shares, compared to its average volume of 6,838,111. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $113.69. The company has a market capitalization of $134.93 billion, a P/E ratio of 44.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15. The business has a 50 day moving average price of $105.61 and a 200-day moving average price of $86.59.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.15. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.Amphenol's revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol's payout ratio is currently 26.29%.

Amphenol Company 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.