Daiwa Securities Group Inc. Acquires 22,797 Shares of Amphenol Co. (NYSE:APH)

Daiwa Securities Group Inc. boosted its position in shares of Amphenol Co. (NYSE:APH) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 291,016 shares of the electronics maker’s stock after acquiring an additional 22,797 shares during the period. Daiwa Securities Group Inc.’s holdings in Amphenol were worth $20,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc raised its position in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the fourth quarter valued at about $32,000. Finally, Continuum Advisory LLC raised its position in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Five investment 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 stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

APH opened at $61.76 on Tuesday. Amphenol Co. has a one year low of $54.27 and a one year high of $79.39. 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 company’s 50 day simple moving average is $69.15 and its 200-day simple moving average is $68.67. The stock has a market capitalization of $74.79 billion, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Amphenol’s revenue was up 29.8% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.