Greenwood Capital Associates LLC Reduces Position in Amphenol Corporation $APH

Greenwood Capital Associates LLC trimmed its stake in Amphenol Corporation (NYSE:APH) by 34.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 67,686 shares of the electronics maker’s stock after selling 35,084 shares during the period. Amphenol makes up 1.0% of Greenwood Capital Associates LLC’s portfolio, making the stock its 25th largest holding. Greenwood Capital Associates LLC’s holdings in Amphenol were worth $8,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Amphenol in the second quarter worth about $2,104,244,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock worth $574,500,000 after acquiring an additional 7,573,750 shares in the last quarter. Holocene Advisors LP raised its stake in Amphenol by 201.2% during the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock worth $381,909,000 after acquiring an additional 2,583,628 shares during the period. AQR Capital Management LLC boosted its position in shares of Amphenol by 338.8% in the first quarter. AQR Capital Management LLC now owns 3,275,831 shares of the electronics maker’s stock worth $212,798,000 after purchasing an additional 2,529,319 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Amphenol in the second quarter worth $225,757,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

NYSE APH opened at $137.39 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37. The business has a 50 day simple moving average of $136.25 and a two-hundred day simple moving average of $118.63. The stock has a market capitalization of $168.17 billion, a PE ratio of 45.80, a P/E/G ratio of 1.08 and a beta of 1.19.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. Amphenol’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. On average, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The firm 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 is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. UBS Group set a $152.00 price target on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Robert W. Baird set a $139.00 price target on Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $134.08.

Insider Transactions at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 258,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the sale, the chief financial officer directly owned 167,695 shares in the company, valued at $24,013,924. This represents a 60.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The stock was 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 1,063,194 shares of company stock worth $148,244,445 in the last quarter. Company insiders own 1.67% of the company’s stock.

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.