Nissay Asset Management Corp Japan ADV Purchases 5,665 Shares of Amphenol Co. (NYSE:APH)

Nissay Asset Management Corp Japan ADV boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 596,710 shares of the electronics maker's stock after acquiring an additional 5,665 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Amphenol were worth $42,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Czech National Bank increased its position in Amphenol by 6.6% during the 4th quarter. Czech National Bank now owns 261,401 shares of the electronics maker's stock worth $18,154,000 after buying an additional 16,075 shares during the period. Fragasso Financial Advisors Inc increased its position in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after acquiring an additional 171 shares during the period. Wedmont Private Capital raised its stake in Amphenol by 6.6% in the 4th quarter. Wedmont Private Capital now owns 23,476 shares of the electronics maker's stock worth $1,648,000 after purchasing an additional 1,446 shares in the last quarter. Cooper Financial Group boosted its holdings in Amphenol by 19.9% in the 4th quarter. Cooper Financial Group now owns 5,959 shares of the electronics maker's stock valued at $414,000 after purchasing an additional 989 shares during the period. Finally, Ayrshire Capital Management LLC increased its holdings in shares of Amphenol by 0.8% during the fourth quarter. Ayrshire Capital Management LLC now owns 145,430 shares of the electronics maker's stock worth $10,100,000 after purchasing an additional 1,144 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the transaction, the vice president now directly owns 12,500 shares of the company's stock, valued at $1,000,375. The trade was a 87.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last 90 days. 1.67% of the stock is owned by insiders.

Amphenol Stock Down 0.5%

Shares of APH traded down $0.45 during trading hours on Monday, hitting $86.43. The stock had a trading volume of 1,933,929 shares, compared to its average volume of 7,501,091. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $86.96. The firm has a market capitalization of $104.55 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm has a 50 day simple moving average of $70.41 and a 200-day simple moving average of $70.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Sell-side analysts predict 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, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. UBS Group restated a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Robert W. Baird increased their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

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.