Ascent Group LLC Sells 52,746 Shares of Amphenol Corporation $APH

Key Points

• Ascent Group LLC significantly reduced its stake in Amphenol Corporation by 77.6%, totaling 15,256 shares after selling 52,746 shares in the first quarter.
• Insider trading saw a notable decrease, with CFO Craig A. Lampo selling 40,076 shares and insider William J. Doherty selling 113,000 shares in separate transactions, worth millions.
• Analysts have varied ratings on Amphenol, with eight recommending it as a Buy and a consensus target price of $105.62 per share.

Ascent Group LLC decreased its position in Amphenol Corporation (NYSE:APH - Free Report) by 77.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,256 shares of the electronics maker's stock after selling 52,746 shares during the quarter. Ascent Group LLC's holdings in Amphenol were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in shares of Amphenol in the first quarter worth $25,000. Avalon Trust Co grew its stake in shares of Amphenol by 133.3% in the first 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 stake in shares of Amphenol in the first quarter worth $28,000. Saudi Central Bank purchased a new stake in shares of Amphenol in the first quarter worth $31,000. Finally, SouthState Corp purchased a new stake in shares of Amphenol in the first quarter worth $36,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE APH traded down $0.76 during trading on Friday, hitting $118.71. The company had a trading volume of 6,358,068 shares, compared to its average volume of 8,041,405. The stock has a 50 day simple moving average of $107.44 and a 200 day simple moving average of $88.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $120.80. The firm has a market capitalization of $144.94 billion, a P/E ratio of 47.30, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. The firm 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 business's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total transaction of $12,462,770.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $11,060,000.00. Following the sale, the vice president directly owned 76,400 shares in the company, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 665,924 shares of company stock worth $73,369,357 over the last quarter. Company insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on APH shares. Evercore ISI increased their price objective on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Bank of America increased their price objective on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research report on Friday, July 11th. Finally, Citigroup increased their price objective on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $105.62.

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.