Amphenol Corporation $APH Stock Position Decreased by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lowered its holdings in Amphenol Corporation (NYSE:APH) by 6.0% during the second quarter, HoldingsChannel.com reports. The fund owned 131,875 shares of the electronics maker’s stock after selling 8,369 shares during the period. Baker Avenue Asset Management LP’s holdings in Amphenol were worth $13,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in APH. Motive Wealth Advisors purchased a new position in shares of Amphenol during the second quarter valued at $215,000. LeConte Wealth Management LLC acquired a new stake in Amphenol during the 2nd quarter worth about $399,000. Advyzon Investment Management LLC boosted its position in Amphenol by 101.6% during the 2nd quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after acquiring an additional 3,051 shares during the period. New York Life Investment Management LLC grew its stake in Amphenol by 1.6% during the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock valued at $16,242,000 after acquiring an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of Amphenol in the 2nd quarter valued at about $482,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APH. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Truist Financial increased their price objective on Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group set a $152.00 target price on Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

Amphenol Stock Performance

Shares of NYSE APH opened at $139.45 on Monday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The business’s 50 day moving average is $133.04 and its two-hundred day moving average is $114.26. The company has a market cap of $170.70 billion, a P/E ratio of 46.48, a P/E/G ratio of 1.10 and a beta of 1.19. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share 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 firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm earned $0.50 EPS. The business’s revenue was up 53.4% on a year-over-year basis. 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 analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently announced 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 boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) is 22.00%.

Insider Activity

In other Amphenol news, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This represents a 45.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total value of $36,945,600.00. Following the sale, the chief financial officer directly owned 167,695 shares in the company, valued at $24,013,924. The trade was a 60.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,063,194 shares of company stock valued at $148,244,445. Corporate insiders own 1.67% of the company’s stock.

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.