Mizuho Securities USA LLC Trims Stock Position in Amphenol Co. (NYSE:APH)

Mizuho Securities USA LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 15.7% in the third quarter, HoldingsChannel reports. The firm owned 78,092 shares of the electronics maker’s stock after selling 14,531 shares during the period. Mizuho Securities USA LLC’s holdings in Amphenol were worth $5,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd grew its holdings in Amphenol by 87.6% in the first quarter. Covestor Ltd now owns 559 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 261 shares during the period. CreativeOne Wealth LLC bought a new position in Amphenol during the 1st quarter valued at $281,000. Advisors Asset Management Inc. grew its stake in Amphenol by 45.4% in the first quarter. Advisors Asset Management Inc. now owns 30,505 shares of the electronics maker’s stock worth $3,519,000 after purchasing an additional 9,530 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Amphenol by 996.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 219,456 shares of the electronics maker’s stock worth $25,314,000 after acquiring an additional 199,446 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Amphenol during the first quarter valued at $145,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 3.2 %

NYSE APH opened at $73.19 on Friday. The stock has a fifty day moving average of $67.44 and a 200-day moving average of $66.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock has a market capitalization of $88.23 billion, a P/E ratio of 42.06, a price-to-earnings-growth ratio of 2.36 and a beta of 1.23. Amphenol Co. has a 52 week low of $44.81 and a 52 week high of $74.70.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

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

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

APH has been the topic of a number of recent research reports. Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI raised 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. Truist Financial lifted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.