Amundi Sells 2,459,992 Shares of Amphenol Corporation $APH

Key Points

• Amundi's Stake Reduction: Amundi reduced its stake in Amphenol Corporation by 17.5%, now holding approximately 11.59 million shares valued at $729.47 million.
• Strong Earnings Report: Amphenol reported Q2 earnings of $0.81 per share, exceeding analyst estimates, with revenue increasing 56.5% year-over-year to $5.65 billion.
• Upcoming Dividend Payment: The company announced a quarterly dividend of $0.165 per share, with the ex-dividend date set for September 16th.

Amundi trimmed its position in Amphenol Corporation (NYSE:APH - Free Report) by 17.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 11,589,011 shares of the electronics maker's stock after selling 2,459,992 shares during the period. Amundi owned about 0.96% of Amphenol worth $729,466,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of APH. Hughes Financial Services LLC bought a new position in Amphenol in the 1st quarter valued at $25,000. Avalon Trust Co boosted its position in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after buying an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol in the 1st quarter valued at $28,000. Saudi Central Bank acquired a new position in shares of Amphenol in the 1st quarter valued at $31,000. Finally, SouthState Corp acquired a new position in shares of Amphenol in the 1st quarter valued at $36,000. 97.01% of the stock is currently owned by institutional investors.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the sale, the vice president owned 76,400 shares of the company's stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The transaction was disclosed in a document filed 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 dated Monday, August 25th. The shares were 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 $4,409,575.04. This represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 665,924 shares of company stock worth $73,369,357. Company insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APH. Evercore ISI increased their price target on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Bank of America increased their price target on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. JPMorgan Chase & Co. increased their price target on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, UBS Group increased their price target on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note 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, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Trading Down 2.0%

Amphenol stock traded down $2.24 during mid-day trading on Friday, hitting $110.51. 12,408,043 shares of the company's stock were exchanged, compared to its average volume of 6,470,245. The firm has a market capitalization of $134.93 billion, a P/E ratio of 44.03, a PEG ratio of 1.81 and a beta of 1.15. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week 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. The company's 50 day simple moving average is $105.61 and its 200-day simple moving average is $86.35.

Amphenol (NYSE:APH - Get Free Report) last issued 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 business 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 revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. 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 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) 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.