APG Asset Management N.V. Lowers Holdings in Amphenol Corporation $APH

Key Points

• APG Asset Management N.V. has reduced its stake in Amphenol Corporation by 12.4%, now owning approximately 1.39 million shares valued at around $84.18 million.
• Brokerages have varied opinions on Amphenol, with Bank of America raising its price target from $110.00 to $120.00, while Wall Street Zen downgraded the stock from "strong-buy" to "buy".
• Amphenol reported a quarterly earnings per share (EPS) of $0.81, exceeding estimates, and its revenue was up 56.5% compared to the previous year.

APG Asset Management N.V. lessened its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,386,403 shares of the electronics maker's stock after selling 195,828 shares during the quarter. APG Asset Management N.V. owned 0.11% of Amphenol worth $84,183,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new position in Amphenol during the first quarter worth about $25,000. Avalon Trust Co lifted its position in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol during the first quarter worth about $28,000. SouthState Corp acquired a new stake in shares of Amphenol during the first quarter worth about $36,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Amphenol during the first quarter worth about $44,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total value of $22,069,214.64. Following the transaction, the chief financial officer directly owned 125,695 shares in the company, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,211,924 shares of company stock valued at $122,753,737. 1.67% of the stock is owned by company insiders.

Amphenol Stock Up 1.5%

APH stock traded up $1.67 during midday trading on Thursday, reaching $111.80. 2,445,682 shares of the company were exchanged, compared to its average volume of 8,373,428. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The company has a market cap of $136.50 billion, a price-to-earnings ratio of 44.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The stock's 50-day simple moving average is $103.56 and its 200 day simple moving average is $84.39. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $112.35.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 16.90% and a return on equity of 30.58%. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given 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 26.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of 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 target on shares of Amphenol in a research report on Friday, July 11th. KGI Securities started coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, TD Securities raised their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.