Brant Point Investment Management LLC Decreases Stock Position in Amphenol Corporation $APH

Brant Point Investment Management LLC lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174,884 shares of the electronics maker’s stock after selling 4,406 shares during the quarter. Amphenol accounts for 1.8% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Brant Point Investment Management LLC’s holdings in Amphenol were worth $17,270,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Amphenol during the second quarter valued at about $25,000. Saudi Central Bank bought a new position in shares of Amphenol during the 1st quarter valued at about $31,000. Ransom Advisory Ltd purchased a new position in shares of Amphenol during the 1st quarter valued at about $33,000. Hilltop National Bank bought a new stake in Amphenol in the 2nd quarter worth approximately $35,000. Finally, SouthState Corp purchased a new stake in Amphenol in the first quarter worth approximately $36,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $134.65, for a total value of $49,163,138.70. Following the sale, the insider directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,063,194 shares of company stock valued at $148,244,445 over the last 90 days. 1.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Barclays upped their price target on shares of Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Citigroup lifted their price objective on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

Amphenol Stock Performance

Shares of APH stock opened at $139.45 on Monday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $133.04 and a 200 day moving average of $114.26. The firm has a market capitalization of $170.70 billion, a price-to-earnings ratio of 46.48, a PEG ratio of 1.10 and a beta of 1.19. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping the consensus estimate 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 net margin of 18.22% and a return on equity of 33.46%. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently declared 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 is a boost from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio is presently 22.00%.

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.