VestGen Investment Management Sells 1,134 Shares of Amphenol Corporation $APH

VestGen Investment Management lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,983 shares of the electronics maker’s stock after selling 1,134 shares during the period. VestGen Investment Management’s holdings in Amphenol were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the second quarter valued at about $25,000. Hilltop National Bank acquired a new position in shares of Amphenol during the second quarter valued at about $35,000. Hughes Financial Services LLC acquired a new position in shares of Amphenol during the first quarter valued at about $25,000. Avalon Trust Co raised its holdings in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol during the first quarter valued at about $28,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $8,449,840. This represents a 56.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 199,848 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer directly owned 125,695 shares of the company’s stock, valued at $13,880,498.85. This represents a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock valued at $73,369,357 over the last quarter. 1.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on APH. UBS Group set a $152.00 price target on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and raised their target price for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Evercore ISI upped their price target on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Friday. Finally, Citigroup lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.77.

Amphenol Trading Down 1.1%

Shares of APH stock opened at $133.80 on Friday. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $137.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.46 and a current ratio of 2.07. The company has a 50-day simple moving average of $119.39 and a two-hundred day simple moving average of $100.73. The company has a market capitalization of $163.35 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.61 and a beta of 1.17.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (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 business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Research analysts anticipate that Amphenol Corporation will post 2.36 EPS 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis 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 currently 22.00%.

About Amphenol

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.