Amphenol Corporation $APH Position Lowered by Alta Capital Management LLC

Key Points

• Alta Capital Management LLC has reduced its stake in Amphenol Corporation by 4.7%, now holding approximately 672,876 shares worth around $66 million.
• Amphenol reported a Q2 earnings per share (EPS) of $0.81, exceeding estimates and reflecting a significant 56.5% year-over-year revenue growth.
• The company recently announced a $0.165 quarterly dividend, representing an annualized yield of 0.5% and a payout ratio of 26.29%.

Alta Capital Management LLC cut its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,876 shares of the electronics maker's stock after selling 33,177 shares during the period. Amphenol makes up 3.8% of Alta Capital Management LLC's portfolio, making the stock its 6th biggest position. Alta Capital Management LLC owned about 0.06% of Amphenol worth $66,447,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Motive Wealth Advisors purchased a new stake in shares of Amphenol during the second quarter valued at $215,000. LeConte Wealth Management LLC purchased a new position in Amphenol in the second quarter worth about $399,000. Perigon Wealth Management LLC boosted its position in Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after purchasing an additional 3,964 shares during the last quarter. City Center Advisors LLC purchased a new position in Amphenol in the second quarter worth about $482,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Amphenol by 25.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,711 shares of the electronics maker's stock worth $2,736,000 after purchasing an additional 5,630 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 2.6%

Shares of APH opened at $125.81 on Thursday. The business's 50 day moving average is $116.71 and its 200 day moving average is $97.26. The company has a market capitalization of $153.60 billion, a PE ratio of 50.12, a price-to-earnings-growth ratio of 1.97 and a beta of 1.17. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $127.50. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion for 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%.The firm's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Amphenol's payout ratio is presently 26.29%.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. The trade was a 88.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the completion of the sale, the chief financial officer directly owned 39,884 shares in the company, valued at approximately $4,409,575.04. The trade was a 50.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. UBS Group set a $120.00 target price on Amphenol in a research report on Tuesday, October 7th. The Goldman Sachs Group set a $139.00 target price on Amphenol and gave the stock a "buy" rating in a research report on Monday, September 29th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. Wall Street Zen cut shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Amphenol in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $116.57.

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.

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