California Public Employees Retirement System Sells 791,164 Shares of Amphenol Corporation $APH

California Public Employees Retirement System lessened its position in Amphenol Corporation (NYSE:APH) by 14.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,669,081 shares of the electronics maker’s stock after selling 791,164 shares during the quarter. California Public Employees Retirement System owned approximately 0.38% of Amphenol worth $461,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Amphenol during the second quarter valued at $2,104,244,000. T. Rowe Price Investment Management Inc. lifted its position in Amphenol by 196.3% during the 1st 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 acquiring an additional 11,092,282 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 acquiring an additional 7,573,750 shares in the last quarter. Nuveen LLC purchased a new stake in Amphenol in the first quarter worth about $476,842,000. Finally, Wellington Management Group LLP increased its stake in shares of Amphenol by 73.5% during the first 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. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI increased their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. 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. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.54.

Amphenol Trading Down 0.0%

Shares of NYSE:APH 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 1 year low of $56.45 and a 1 year high of $144.37. The company has a market cap of $170.70 billion, a P/E ratio of 46.48, a PEG ratio of 1.10 and a beta of 1.19. The stock’s fifty day moving average price is $133.04 and its 200-day moving average price is $114.06.

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. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.Amphenol’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. Amphenol’s payout ratio is currently 22.00%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 365,118 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the sale, the insider owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This represents a 45.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,063,194 shares of company stock valued at $148,244,445 in the last ninety days. Corporate insiders own 1.67% of the company’s stock.

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.