Voya Investment Management LLC Sells 74,427 Shares of Amphenol Corporation $APH

Voya Investment Management LLC lessened its position in Amphenol Corporation (NYSE:APH) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,108,325 shares of the electronics maker’s stock after selling 74,427 shares during the quarter. Amphenol comprises about 0.6% of Voya Investment Management LLC’s investment portfolio, making the stock its 21st biggest position. Voya Investment Management LLC’s holdings in Amphenol were worth $632,155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APH. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the second quarter worth about $25,000. Riggs Asset Managment Co. Inc. grew its holdings in 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 buying an additional 168 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in Amphenol in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. bought a new position in Amphenol in the 2nd quarter worth approximately $31,000. Finally, Hilltop National Bank acquired a new position in shares of Amphenol during the second quarter worth approximately $35,000. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APH shares. Evercore ISI raised their price objective on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Truist Financial lifted their target price on Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.08.

Amphenol Price Performance

Shares of Amphenol stock opened at $129.57 on Friday. The firm has a market cap of $158.60 billion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19. The firm’s 50-day simple moving average is $134.75 and its 200-day simple moving average is $116.76. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping 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 analysts’ expectations of $5.54 billion. During the same quarter last year, the company earned $0.50 earnings per share. The company’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. As a group, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.8%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 33.33%.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction dated 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 directly owned 76,400 shares of the company’s stock, valued at $10,696,764. This represents a 61.10% decrease in their ownership of the stock. 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. 1.67% of the stock is owned by insiders.

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.