Baker Avenue Asset Management LP Trims Stock Holdings in Amphenol Corporation $APH

Key Points

• Baker Avenue Asset Management cut its Amphenol stake by 15.4% in the fourth quarter, selling 19,142 shares and leaving it with 105,006 shares worth about $14.2 million.
• Amphenol reported strong quarterly results, posting EPS of $1.06 versus $0.95 expected and revenue of $7.62 billion, up 58.4% from a year earlier.
• The company also announced a quarterly dividend of $0.25 per share and received a generally bullish Wall Street outlook, with 13 analysts rating it a Buy and an average target price of $176.53.

Baker Avenue Asset Management LP reduced its stake in Amphenol Corporation (NYSE:APH - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,006 shares of the electronics maker's stock after selling 19,142 shares during the period. Baker Avenue Asset Management LP's holdings in Amphenol were worth $14,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Amphenol by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 126,553,498 shares of the electronics maker's stock worth $17,102,440,000 after purchasing an additional 1,322,682 shares during the period. State Street Corp increased its stake in Amphenol by 1.2% during the third quarter. State Street Corp now owns 56,025,072 shares of the electronics maker's stock worth $6,942,156,000 after purchasing an additional 676,797 shares during the period. Geode Capital Management LLC increased its stake in Amphenol by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker's stock worth $4,087,372,000 after purchasing an additional 748,813 shares during the period. Capital International Investors increased its stake in Amphenol by 446.9% during the third quarter. Capital International Investors now owns 18,006,524 shares of the electronics maker's stock worth $2,228,288,000 after purchasing an additional 14,714,177 shares during the period. Finally, Capital Research Global Investors increased its stake in Amphenol by 106.9% during the third quarter. Capital Research Global Investors now owns 15,523,085 shares of the electronics maker's stock worth $1,920,982,000 after purchasing an additional 8,021,284 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares of the company's stock, valued at approximately $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 130,775 shares of company stock valued at $18,709,350 over the last three months. 1.42% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of APH opened at $140.22 on Thursday. The stock has a 50 day moving average price of $134.67 and a 200 day moving average price of $138.60. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $172.50 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. Amphenol Corporation has a 52-week low of $87.84 and a 52-week high of $167.04.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.11. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The firm's quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Research analysts predict that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol's dividend payout ratio is presently 28.74%.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Amphenol from $184.00 to $201.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Rothschild & Co Redburn boosted their price objective on Amphenol from $160.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Truist Financial boosted their price objective on Amphenol from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Seaport Research Partners reissued a "buy" rating and set a $215.00 price objective on shares of Amphenol in a research report on Thursday, April 30th. Finally, UBS Group reissued a "buy" rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.53.

Amphenol Company Profile

Amphenol Corporation NYSE: APH is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

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