Amphenol Corporation $APH is Wedge Capital Management L L P NC’s 6th Largest Position

Wedge Capital Management L L P NC decreased its stake in Amphenol Corporation (NYSE:APH) by 12.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 591,796 shares of the electronics maker’s stock after selling 82,455 shares during the quarter. Amphenol makes up 1.2% of Wedge Capital Management L L P NC’s holdings, making the stock its 6th largest position. Wedge Capital Management L L P NC’s holdings in Amphenol were worth $73,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $25,000. Riggs Asset Managment Co. Inc. grew its position in Amphenol by 200.0% during the second 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 period. Howard Hughes Medical Institute purchased a new position in Amphenol in the second quarter valued at $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of Amphenol during the 2nd quarter worth about $31,000. Finally, Hilltop National Bank acquired a new stake in shares of Amphenol during the 2nd quarter valued at about $35,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Evercore ISI upped their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Truist Financial increased their target price on Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. Citigroup upped their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten equities 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.08.

Insiders Place Their Bets

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at $1,764,625. This represents a 90.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the transaction, the chief financial officer directly owned 39,884 shares in the company, valued at $5,723,354. This trade represents a 50.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,063,194 shares of company stock valued at $148,244,445. Insiders own 1.67% of the company’s stock.

Amphenol Trading Up 4.6%

Shares of APH stock opened at $135.54 on Friday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week 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. The stock’s fifty day moving average is $135.03 and its two-hundred day moving average is $117.25. The firm has a market capitalization of $165.91 billion, a P/E ratio of 45.18, a PEG ratio of 1.06 and a beta of 1.19.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date 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 payout ratio is presently 33.33%.

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.