PNC Financial Services Group Inc. Cuts Stake in Amphenol Corporation $APH

PNC Financial Services Group Inc. decreased its stake in Amphenol Corporation (NYSE:APH) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,240,306 shares of the electronics maker’s stock after selling 12,376 shares during the period. PNC Financial Services Group Inc. owned approximately 0.10% of Amphenol worth $153,488,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC grew its holdings in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares in the last quarter. Bison Wealth LLC increased its stake in Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after buying an additional 618 shares during the period. Mutual of America Capital Management LLC boosted its position in Amphenol by 1.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 199,417 shares of the electronics maker’s stock valued at $19,692,000 after buying an additional 1,981 shares during the last quarter. Finally, Wendell David Associates Inc. grew its stake in shares of Amphenol by 6.4% during the second quarter. Wendell David Associates Inc. now owns 41,270 shares of the electronics maker’s stock valued at $4,075,000 after acquiring an additional 2,490 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $283,863,955.89. The trade was a 21.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Evercore reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a research report on Tuesday, January 20th. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $160.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 27th. Finally, Truist Financial set a $182.00 price objective on shares of Amphenol in a research note on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.38.

Amphenol Stock Performance

APH stock opened at $146.72 on Monday. The stock’s 50 day simple moving average is $141.77 and its 200 day simple moving average is $130.30. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $167.04. The firm has a market cap of $180.35 billion, a P/E ratio of 43.93, a P/E/G ratio of 1.55 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The firm’s revenue was up 49.1% on a year-over-year basis. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. As a group, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, March 23rd. Amphenol’s payout ratio is presently 29.94%.

Amphenol Profile

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.