Amundi Cuts Stake in Amphenol Corporation $APH

Amundi lessened its stake in shares of Amphenol Corporation (NYSE:APH) by 55.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,189,992 shares of the electronics maker’s stock after selling 6,399,019 shares during the quarter. Amundi owned 0.43% of Amphenol worth $511,318,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in Amphenol during the 2nd quarter worth approximately $2,104,244,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Amphenol by 196.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after purchasing an additional 11,092,282 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Amphenol by 639.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock worth $574,500,000 after purchasing an additional 7,573,750 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amphenol in the first quarter valued at $476,842,000. Finally, Wellington Management Group LLP grew its holdings in Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after purchasing an additional 5,154,860 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Amphenol stock opened at $139.45 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company has a fifty day moving average price of $132.70 and a two-hundred day moving average price of $113.49. The company has a market cap of $170.70 billion, a PE ratio of 46.48, a P/E/G ratio of 1.09 and a beta of 1.19.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s payout ratio is presently 22.00%.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,764,625. This represents a 90.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares in the company, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on APH. Barclays boosted their price objective on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Robert W. Baird set a $139.00 price target on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. JPMorgan Chase & Co. increased their target price on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

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.