Buckhead Capital Management LLC Sells 6,751 Shares of Amphenol Corporation $APH

Buckhead Capital Management LLC reduced its stake in Amphenol Corporation (NYSE:APH) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,530 shares of the electronics maker’s stock after selling 6,751 shares during the period. Amphenol accounts for approximately 2.0% of Buckhead Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Buckhead Capital Management LLC’s holdings in Amphenol were worth $5,387,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Riversedge Advisors LLC acquired a new position in Amphenol in the 3rd quarter valued at about $339,000. Marshall Financial Group LLC boosted its holdings in shares of Amphenol by 1.0% during the third quarter. Marshall Financial Group LLC now owns 15,888 shares of the electronics maker’s stock worth $1,966,000 after acquiring an additional 156 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Amphenol in the third quarter valued at approximately $920,000. YHB Investment Advisors Inc. increased its stake in shares of Amphenol by 1.4% during the third quarter. YHB Investment Advisors Inc. now owns 139,418 shares of the electronics maker’s stock worth $17,253,000 after purchasing an additional 1,923 shares during the period. Finally, Cox Capital Mgt LLC lifted its holdings in Amphenol by 0.3% during the 3rd quarter. Cox Capital Mgt LLC now owns 32,327 shares of the electronics maker’s stock worth $4,000,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares in the company, valued at $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Luc Walter sold 365,118 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. The trade was a 45.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,063,194 shares of company stock valued at $148,244,445 over the last ninety days. 1.67% of the stock is owned by insiders.

Amphenol Price Performance

Shares of NYSE:APH opened at $129.57 on Friday. The firm has a 50 day moving average of $134.75 and a 200-day moving average of $116.76. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $158.60 billion, a PE ratio of 43.19, a PEG ratio of 0.99 and a beta of 1.19.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the firm posted $0.50 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI upped their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. UBS Group set a $152.00 price target on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Truist Financial increased their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Barclays raised their target price 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. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

About Amphenol

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.