Westside Investment Management Inc. Grows Stock Holdings in Amphenol Corporation $APH

Westside Investment Management Inc. grew its holdings in shares of Amphenol Corporation (NYSE:APH) by 928.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 617 shares of the electronics maker’s stock after purchasing an additional 557 shares during the period. Westside Investment Management Inc.’s holdings in Amphenol were worth $60,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Hughes Financial Services LLC purchased a new position in Amphenol in the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in Amphenol in the 2nd quarter worth approximately $25,000. Avalon Trust Co raised its holdings in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Amphenol in the 1st quarter worth approximately $28,000. Finally, Saudi Central Bank purchased a new position in Amphenol in the 1st quarter worth approximately $31,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. The Goldman Sachs Group set a $154.00 target price on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, UBS Group set a $152.00 price target on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.77.

Amphenol Stock Down 3.4%

Amphenol stock opened at $136.69 on Wednesday. The stock has a market cap of $167.32 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. Amphenol Corporation has a one year low of $56.45 and a one year high of $142.50. The stock has a fifty day moving average of $123.43 and a 200 day moving average of $104.83.

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, beating analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. 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, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The firm 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 33.33%.

Insider Activity

In other news, VP David M. Silverman sold 120,000 shares of the business’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 sale, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. The trade was a 90.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the sale, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at approximately $4,409,575.04. The trade was a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,351,042 shares of company stock worth $167,557,296. Company insiders own 1.67% of the company’s stock.

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.