Nissay Asset Management Corp Japan ADV Has $42.21 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Nissay Asset Management Corp Japan ADV grew its position in Amphenol Co. (NYSE:APH) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 596,710 shares of the electronics maker’s stock after purchasing 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 SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Tacita Capital Inc raised its holdings 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 during the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. raised its holdings 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 during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, VP David M. Silverman sold 87,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the sale, the vice president now directly owns 12,500 shares of the company’s stock, valued at approximately $1,000,375. This represents a 87.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Performance

Shares of APH stock opened at $85.75 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $103.72 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The stock has a 50-day moving average of $68.97 and a 200-day moving average of $70.05. Amphenol Co. has a one year low of $54.77 and a one year high of $86.80.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during 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 revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. Amphenol’s payout ratio is 32.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on APH shares. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Citigroup boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. TD Securities boosted 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. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.62.

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.