Nisa Investment Advisors LLC Purchases 16,847 Shares of Amphenol Co. (NYSE:APH)

Nisa Investment Advisors LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 539,796 shares of the electronics maker’s stock after buying an additional 16,847 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Amphenol were worth $37,578,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its position in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Core Alternative Capital boosted its holdings in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after buying an additional 231 shares during the period. Continuum Advisory LLC raised its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APH. Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Evercore ISI raised their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial upped 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the 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 completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. This represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last three months. Company insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $72.76 on Wednesday. The firm has a market capitalization of $87.72 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12 month low of $48.52 and a 12 month high of $75.78. The business’s 50-day moving average price is $71.74 and its 200-day moving average price is $67.76.

Amphenol (NYSE:APH) last issued 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. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Sell-side analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is presently 37.93%.

Amphenol Company 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.