Korea Investment CORP Sells 68,049 Shares of Amphenol Corporation $APH

Korea Investment CORP lowered its holdings in shares of Amphenol Corporation (NYSE:APH) by 7.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 853,578 shares of the electronics maker’s stock after selling 68,049 shares during the period. Korea Investment CORP’s holdings in Amphenol were worth $84,291,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APH. Brighton Jones LLC raised its position in Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after buying an additional 4,721 shares during the period. Bison Wealth LLC raised its position in shares of Amphenol by 8.3% during the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after acquiring an additional 618 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Amphenol by 12.2% in the first quarter. Cetera Investment Advisers now owns 204,059 shares of the electronics maker’s stock worth $13,384,000 after acquiring an additional 22,121 shares during the period. Finally, Assetmark Inc. boosted its holdings in Amphenol by 10.0% in the first quarter. Assetmark Inc. now owns 32,219 shares of the electronics maker’s stock valued at $2,113,000 after acquiring an additional 2,936 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on APH shares. UBS Group set a $152.00 price target on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Evercore ISI boosted their target price on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 120,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company’s stock, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 983,194 shares of company stock worth $136,884,445 in the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

Shares of NYSE APH opened at $138.76 on Thursday. The firm has a market capitalization of $169.85 billion, a P/E ratio of 46.25, a P/E/G ratio of 1.58 and a beta of 1.20. The firm’s 50-day moving average price is $130.76 and its 200-day moving average price is $111.42. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm’s revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be issued a $0.25 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 33.33%.

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.