Amphenol Corporation $APH Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc trimmed its position in shares of Amphenol Corporation (NYSE:APH) by 9.8% during the second quarter, HoldingsChannel reports. The fund owned 186,609 shares of the electronics maker’s stock after selling 20,327 shares during the quarter. CIBC Asset Management Inc’s holdings in Amphenol were worth $18,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Amphenol by 8.4% during the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after purchasing an additional 2,217,079 shares during the period. Norges Bank acquired a new position in Amphenol during the second quarter worth $2,104,244,000. T. Rowe Price Investment Management Inc. raised its position in Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock worth $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after acquiring an additional 1,486,105 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $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.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Citigroup increased their target price on shares of Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Evercore ISI boosted their price target 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 stock an “outperform” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the transaction, the vice president owned 76,400 shares of the company’s stock, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total transaction of $11,360,000.00. The SEC filing for this sale provides additional information. Over the last quarter, 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 Trading Up 0.3%

Shares of Amphenol stock opened at $139.09 on Friday. The business has a 50 day moving average price of $134.31 and a 200 day moving average price of $115.35. The company has a market capitalization of $170.25 billion, a P/E ratio of 46.36, a P/E/G ratio of 1.09 and a beta of 1.19. 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.

Amphenol (NYSE:APH) last released its quarterly 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. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is 22.00%.

Amphenol Company 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.