Citigroup Inc. Has $169.07 Million Stake in Amphenol Corporation $APH

Citigroup Inc. reduced its position in shares of Amphenol Corporation (NYSE:APH) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,712,053 shares of the electronics maker’s stock after selling 62,419 shares during the period. Citigroup Inc. owned about 0.14% of Amphenol worth $169,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raiffeisen Bank International AG boosted its position in Amphenol by 114.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 78,506 shares of the electronics maker’s stock worth $7,617,000 after acquiring an additional 41,964 shares during the last quarter. Generali Investments Management Co LLC acquired a new position in Amphenol during the second quarter worth $414,000. Mar Vista Investment Partners LLC grew its position in Amphenol by 5.9% in the second quarter. Mar Vista Investment Partners LLC now owns 423,195 shares of the electronics maker’s stock valued at $41,791,000 after purchasing an additional 23,563 shares in the last quarter. Western Wealth Management LLC increased its stake in Amphenol by 14.4% in the 2nd quarter. Western Wealth Management LLC now owns 5,970 shares of the electronics maker’s stock valued at $590,000 after buying an additional 752 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in Amphenol by 19.2% during the 2nd quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APH shares. JPMorgan Chase & Co. increased their price target on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Barclays upped their price target on shares of Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. UBS Group set a $152.00 target price on shares of Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Evercore ISI raised their price target on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.54.

Amphenol Stock Performance

Amphenol stock opened at $132.21 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $161.83 billion, a PE ratio of 44.07, a P/E/G ratio of 1.58 and a beta of 1.20. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. The business’s 50-day moving average price is $128.48 and its two-hundred day moving average price is $108.95.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The firm 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 business’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter 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. Q4 2025 guidance at 0.890-0.910 EPS. As a group, analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The company also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. 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 presently 33.33%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 80,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total value of $11,283,200.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,323,118 shares of company stock valued at $174,426,462 over the last three months. Insiders own 1.67% of the company’s stock.

Amphenol Company 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.