Allspring Global Investments Holdings LLC Sells 73,026 Shares of Amphenol Corporation $APH

Allspring Global Investments Holdings LLC lowered its holdings in shares of Amphenol Corporation (NYSE:APH) by 6.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,003,248 shares of the electronics maker’s stock after selling 73,026 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Amphenol were worth $125,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Opal Wealth Advisors LLC bought a new stake in Amphenol in the second quarter valued at about $25,000. Financial Management Professionals Inc. boosted its holdings in Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 90 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Amphenol in the 2nd quarter worth approximately $26,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of Amphenol during the 2nd quarter worth approximately $31,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on APH shares. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Truist Financial increased their target price on shares of Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. UBS Group set a $152.00 price target on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Evercore ISI lifted their target price on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.08.

Amphenol Stock Performance

Amphenol stock opened at $136.21 on Wednesday. The company has a market cap of $166.73 billion, a PE ratio of 45.40, a PEG ratio of 1.08 and a beta of 1.19. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37. The company’s 50-day moving average is $136.67 and its two-hundred day moving average is $119.60.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $5.54 billion. During the same period in the prior year, the business posted $0.50 earnings per share. Amphenol’s 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. Equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Insiders Place Their Bets

In related news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the transaction, the vice president owned 76,400 shares of the company’s stock, valued at $10,696,764. This trade represents a 61.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. This trade represents a 90.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,063,194 shares of company stock worth $148,244,445 over the last ninety days. Company insiders own 1.67% of the company’s stock.

About Amphenol

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.