Daiwa Securities Group Inc. Acquires 90,450 Shares of Amphenol Co. (NYSE:APH)

Daiwa Securities Group Inc. increased its holdings in Amphenol Co. (NYSE:APH - Free Report) by 50.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,219 shares of the electronics maker's stock after purchasing an additional 90,450 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Amphenol were worth $17,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APH. Beacon Capital Management LLC boosted its position in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC increased its position in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC raised its holdings in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 249 shares during the period. Trifecta Capital Advisors LLC lifted its position in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Amphenol in the 2nd quarter worth approximately $29,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Down 1.3 %

NYSE:APH traded down $0.97 during trading hours on Monday, reaching $73.32. The company's stock had a trading volume of 10,999,398 shares, compared to its average volume of 6,640,573. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market cap of $88.40 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23. Amphenol Co. has a one year low of $44.81 and a one year high of $74.93. The business's 50-day moving average is $67.85 and its 200-day moving average is $66.47.

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

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio is 37.93%.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.