Amphenol Corporation $APH Stake Reduced by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt reduced its stake in Amphenol Corporation by 23.0%, now holding 8.4 million shares valued at approximately $831.97 million.
• Amphenol reported $0.81 earnings per share for the last quarter, surpassing analysts' expectations of $0.66 and showing a 56.5% year-over-year revenue growth.
• The company announced a $0.165 quarterly dividend, with an annual yield of 0.6%, to be paid on October 8th.

Alecta Tjanstepension Omsesidigt cut its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,427,600 shares of the electronics maker's stock after selling 2,514,000 shares during the quarter. Amphenol accounts for approximately 3.9% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 5th biggest holding. Alecta Tjanstepension Omsesidigt owned approximately 0.70% of Amphenol worth $831,973,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock valued at $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock valued at $798,163,000 after acquiring an additional 5,154,860 shares in the last quarter. Invesco Ltd. boosted its holdings in Amphenol by 1.6% in the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock valued at $603,362,000 after acquiring an additional 141,069 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Amphenol by 639.0% in the first 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 valued at $574,500,000 after acquiring an additional 7,573,750 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 113,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.43, for a total value of $22,069,214.64. Following the completion of the transaction, the chief financial officer owned 125,695 shares in the company, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 665,924 shares of company stock worth $73,369,357. Corporate insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on APH shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Truist Financial lifted their price target on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Evercore ISI boosted their target price on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. UBS Group boosted their target price on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They set a "hold" rating on the stock. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Trading Up 1.7%

APH traded up $2.13 during trading on Friday, reaching $124.20. The company had a trading volume of 15,836,325 shares, compared to its average volume of 8,418,983. The stock has a market cap of $151.64 billion, a P/E ratio of 49.48, a PEG ratio of 1.99 and a beta of 1.15. The business has a 50 day simple moving average of $109.68 and a 200-day simple moving average of $90.15. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $124.39. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.Amphenol's revenue was up 56.5% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's payout ratio is currently 26.29%.

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.