Citigroup Inc. Trims Stake in Amphenol Corporation $APH

Citigroup Inc. reduced its stake in Amphenol Corporation (NYSE:APH) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395,634 shares of the electronics maker’s stock after selling 316,419 shares during the period. Citigroup Inc. owned 0.11% of Amphenol worth $172,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APH. Brighton Jones LLC boosted its position in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after buying an additional 4,721 shares during the period. Bison Wealth LLC boosted its holdings in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock valued at $559,000 after buying an additional 618 shares in the last quarter. Brookstone Capital Management grew its position in shares of Amphenol by 2.7% in the 2nd quarter. Brookstone Capital Management now owns 6,326 shares of the electronics maker’s stock worth $625,000 after buying an additional 164 shares during the period. Finally, Exencial Wealth Advisors LLC bought a new position in shares of Amphenol in the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH opened at $150.97 on Friday. The stock has a market capitalization of $185.58 billion, a P/E ratio of 45.20, a P/E/G ratio of 1.60 and a beta of 1.20. The company’s 50-day simple moving average is $142.96 and its two-hundred day simple moving average is $131.62. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $167.04. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.48 and a current ratio of 2.98.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.19 billion. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The firm’s revenue was up 49.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. As a group, analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is currently 29.94%.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $183.00 price objective on shares of Amphenol in a research note on Thursday, January 15th. Citigroup boosted their price target on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group restated a “buy” rating and issued a $174.00 price target (up previously from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Fox Advisors reiterated an “outperform” rating on shares of Amphenol in a research note on Friday, January 9th. Finally, US Capital Advisors set a $165.00 target price on Amphenol in a research note on Friday, January 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.38.

Insider Activity

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 515,281 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $283,863,955.89. The trade was a 21.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.67% of the company’s stock.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.