Hixon Zuercher LLC Cuts Stock Holdings in Amphenol Corporation $APH

Hixon Zuercher LLC lowered its position in Amphenol Corporation (NYSE:APH) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,679 shares of the electronics maker’s stock after selling 332 shares during the period. Hixon Zuercher LLC’s holdings in Amphenol were worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Wealthfront Advisers LLC grew its position in Amphenol by 7.7% in the 2nd quarter. Wealthfront Advisers LLC now owns 154,864 shares of the electronics maker’s stock worth $15,293,000 after purchasing an additional 11,108 shares in the last quarter. New Hampshire Trust purchased a new position in shares of Amphenol in the 2nd quarter worth approximately $286,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Amphenol by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 245,591 shares of the electronics maker’s stock valued at $24,252,000 after acquiring an additional 1,869 shares in the last quarter. Atlatl Advisers LLC purchased a new stake in shares of Amphenol during the second quarter valued at approximately $1,600,000. Finally, Saybrook Capital NC bought a new stake in Amphenol during the second quarter worth $218,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Down 1.1%

NYSE:APH opened at $133.80 on Friday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $137.65. The stock’s fifty day moving average price is $119.39 and its two-hundred day moving average price is $100.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.46. The company has a market cap of $163.35 billion, a P/E ratio of 44.60, a P/E/G 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. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be given a $0.25 dividend. 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. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) is 22.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research note on Friday. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Amphenol from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group set a $152.00 price target on shares of Amphenol and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI upped their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.77.

Insider Activity

In related news, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the sale, the vice president owned 12,500 shares in the company, valued at approximately $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 665,924 shares of company stock worth $73,369,357. Insiders own 1.67% of the company’s stock.

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.