Amphenol Corporation $APH Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Amphenol Corporation by 19.5%, selling 613,143 shares, and currently owns approximately 0.21% of the company worth $166.3 million.
• Amphenol's recent quarterly earnings showed $0.81 earnings per share, exceeding estimates by $0.15, with revenues of $5.65 billion, highlighting a significant growth compared to the previous year.
• The company announced a quarterly dividend of $0.165 per share, reflecting an annualized yield of 0.6%, with a dividend payout ratio of 26.29%.

Hsbc Holdings PLC cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 19.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,538,754 shares of the electronics maker's stock after selling 613,143 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Amphenol worth $166,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its position in Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after acquiring an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Amphenol in the 4th quarter valued at approximately $13,847,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Amphenol by 46.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of Amphenol by 14.4% in the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after purchasing an additional 568 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after purchasing an additional 2,514 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lance E. D'amico sold 100,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 912,000 shares of company stock worth $88,763,320 over the last 90 days. Insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Bank of America upped their target price on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. UBS Group upped their target price on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Evercore ISI upped their target price on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. 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, Amphenol currently has an average rating of "Moderate Buy" and a consensus target price of $105.62.

Amphenol Stock Performance

APH stock opened at $109.8860 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The firm has a market cap of $134.16 billion, a P/E ratio of 43.78, a P/E/G ratio of 1.78 and a beta of 1.13. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $112.35. The stock's 50 day simple moving average is $101.61 and its 200 day simple moving average is $82.83.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly 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 business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business's revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is presently 26.29%.

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.

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