Amphenol Corporation $APH Shares Sold by DnB Asset Management AS

Key Points

• DnB Asset Management AS has reduced its stake in Amphenol Corporation by 19.0%, selling 138,207 shares and holding 588,749 shares valued at approximately $38.6 million.
• Several institutional investors significantly increased their holdings in Amphenol during the 4th quarter, with Brighton Jones LLC boosting its stake by 114.0%.
• The company reported a 56.5% year-over-year revenue increase for the quarter, achieving $5.65 billion against a consensus estimate of $5.01 billion.

DnB Asset Management AS reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 588,749 shares of the electronics maker's stock after selling 138,207 shares during the period. DnB Asset Management AS's holdings in Amphenol were worth $38,616,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock worth $1,098,190,000 after acquiring an additional 11,092,282 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock worth $798,163,000 after acquiring an additional 5,154,860 shares during the period. Invesco Ltd. lifted its holdings in shares of Amphenol by 1.6% during the 1st quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock worth $603,362,000 after acquiring an additional 141,069 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Amphenol by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 8,739,553 shares of the electronics maker's stock worth $573,227,000 after acquiring an additional 92,450 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $110.29, for a total transaction of $12,462,770.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the sale, the vice president owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 665,924 shares of company stock worth $73,369,357. Company insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.0%

Shares of APH traded up $0.01 during mid-day trading on Monday, reaching $110.46. 8,998,954 shares of the stock traded hands, compared to its average volume of 8,385,483. The firm has a market cap of $134.86 billion, a price-to-earnings ratio of 44.01, a P/E/G ratio of 1.77 and a beta of 1.15. The stock has a fifty day simple moving average of $105.61 and a 200 day simple moving average of $86.59. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $113.69. 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 posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America increased their price objective on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Evercore ISI raised their price target on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Robert W. Baird raised their price target on shares of Amphenol from $118.00 to $127.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $105.62.

Amphenol Profile

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.