Fred Alger Management LLC Sells 29,920 Shares of Amphenol Corporation $APH

Fred Alger Management LLC lowered its position in Amphenol Corporation (NYSE:APH) by 18.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 136,569 shares of the electronics maker’s stock after selling 29,920 shares during the period. Fred Alger Management LLC’s holdings in Amphenol were worth $16,923,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in APH. Brighton Jones LLC lifted its holdings in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after acquiring an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of 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 during the last quarter. Bison Wealth LLC raised its position in Amphenol by 8.3% in the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after purchasing an additional 618 shares during the period. Advisors Capital Management LLC lifted its stake in Amphenol by 9.3% in the second quarter. Advisors Capital Management LLC now owns 5,480 shares of the electronics maker’s stock worth $541,000 after purchasing an additional 466 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Amphenol during the second quarter valued at about $203,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.67% of the stock is owned by insiders.

Amphenol Stock Up 2.2%

Shares of NYSE:APH opened at $136.86 on Tuesday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $167.04. The company has a market cap of $168.23 billion, a PE ratio of 40.98, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The stock’s 50-day moving average is $144.17 and its 200 day moving average is $135.02.

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

Amphenol Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $183.00 price objective on shares of Amphenol in a research note on Thursday, January 15th. US Capital Advisors set a $165.00 target price on Amphenol in a report on Friday, January 9th. Citigroup raised their price target on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group reiterated a “buy” rating and issued a $174.00 price objective (up from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Finally, Truist Financial set a $182.00 price objective on Amphenol in a research note on Tuesday, January 13th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.38.

Amphenol Company 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.