Nomura Asset Management Co. Ltd. Acquires 22,392 Shares of Amphenol Co. (NYSE:APH)

Nomura Asset Management Co. Ltd. increased its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,485 shares of the electronics maker's stock after acquiring an additional 22,392 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Amphenol were worth $22,903,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in shares of Amphenol during the third quarter worth $325,000. MML Investors Services LLC lifted its holdings in Amphenol by 14.8% during the third quarter. MML Investors Services LLC now owns 117,884 shares of the electronics maker's stock worth $7,681,000 after acquiring an additional 15,229 shares in the last quarter. Dorsey Wright & Associates acquired a new position in Amphenol in the third quarter valued at about $1,852,000. Main Management ETF Advisors LLC bought a new stake in shares of Amphenol in the third quarter worth about $910,000. Finally, XTX Topco Ltd raised its position in shares of Amphenol by 1,133.3% during the third quarter. XTX Topco Ltd now owns 44,348 shares of the electronics maker's stock worth $2,890,000 after purchasing an additional 40,752 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 1.3 %

Shares of Amphenol stock traded up $0.92 on Wednesday, reaching $73.53. 3,326,276 shares of the company were exchanged, compared to its average volume of 6,569,978. Amphenol Co. has a one year low of $46.94 and a one year high of $74.93. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $69.69 and a 200 day moving average of $67.03. The company has a market capitalization of $88.65 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. On average, equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 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 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's payout ratio is presently 37.93%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APH. Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $69.63.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now owns 14,000 shares of the company's stock, valued at $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

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.