QRG Capital Management Inc. Reduces Stock Holdings in Amphenol Corporation $APH

QRG Capital Management Inc. reduced its position in shares of Amphenol Corporation (NYSE:APH) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 351,263 shares of the electronics maker’s stock after selling 58,741 shares during the quarter. QRG Capital Management Inc.’s holdings in Amphenol were worth $44,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Amphenol by 163.8% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after buying an additional 113 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares during the period. Tucker Asset Management LLC purchased a new stake in Amphenol during the fourth quarter valued at approximately $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol during the fourth quarter valued at approximately $27,000. Finally, HHM Wealth Advisors LLC bought a new position in Amphenol in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $164.40 on Friday. The company has a market capitalization of $202.25 billion, a P/E ratio of 47.24, a P/E/G ratio of 1.44 and a beta of 1.24. Amphenol Corporation has a 1-year low of $95.19 and a 1-year high of $178.52. The firm’s 50 day simple moving average is $146.71 and its two-hundred day simple moving average is $142.30. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Research analysts expect that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 23rd. Amphenol’s dividend payout ratio is presently 28.74%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 130,775 shares of company stock worth $18,709,350 over the last quarter. 1.42% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on APH shares. Piper Sandler set a $165.00 price target on shares of Amphenol in a research note on Tuesday, March 17th. The Goldman Sachs Group upped their price objective on Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $177.00 target price on Amphenol in a report on Thursday, April 30th. Citigroup reiterated a “buy” rating and set a $180.00 target price (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Finally, Seaport Research Partners reissued a “buy” rating and set a $215.00 price target on shares of Amphenol in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.07.

Amphenol 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.