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

Nissay Asset Management Corp Japan ADV grew its position in shares of Amphenol Co. (NYSE:APH) by 1.0% in the fourth quarter, HoldingsChannel reports. The fund 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 SEC filing.

Other large investors have also recently bought and sold shares of the company. Tacita Capital Inc boosted its position in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% in the 4th 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 acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 1.5%

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 capitalization of $103.72 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 1.92 and a beta of 1.10. The business’s fifty day moving average price is $68.97 and its two-hundred day moving average price is $70.05. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $86.80.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 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%. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 175,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 in the last 90 days. Company insiders own 1.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APH shares. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Citigroup increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. Finally, Truist Financial increased 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.