Carderock Capital Management Inc. Has $13.56 Million Stake in Amphenol Corporation $APH

Key Points

• Carderock Capital Management Inc. reduced its stake in Amphenol Corporation by 12.0%, selling 18,784 shares, which now makes up 3.5% of its holdings at a value of $13,556,000.
• Amphenol reported earnings of $0.81 per share for the last quarter, exceeding analysts' estimates, with a revenue of $5.65 billion, showing a year-over-year increase of 56.5%.
• The company also recently announced a quarterly dividend of $0.165 per share, representing an annual yield of 0.5%, with a payout ratio of 26.29%.

Carderock Capital Management Inc. reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 12.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,281 shares of the electronics maker's stock after selling 18,784 shares during the period. Amphenol accounts for approximately 3.5% of Carderock Capital Management Inc.'s portfolio, making the stock its largest position. Carderock Capital Management Inc.'s holdings in Amphenol were worth $13,556,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Perigon Wealth Management LLC lifted its stake in shares of Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake 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 during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Amphenol by 25.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,711 shares of the electronics maker's stock valued at $2,736,000 after purchasing an additional 5,630 shares during the period. City Center Advisors LLC purchased a new position in shares of Amphenol in the 2nd quarter valued at approximately $482,000. Finally, Parallel Advisors LLC lifted its stake in shares of Amphenol by 10.4% in the 2nd quarter. Parallel Advisors LLC now owns 24,608 shares of the electronics maker's stock valued at $2,430,000 after purchasing an additional 2,314 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction on Monday, August 25th. The stock was 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 owned 39,884 shares in the company, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William J. Doherty sold 113,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Evercore ISI boosted their price target on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Bank of America boosted their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Finally, Truist Financial boosted their price target on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.62.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.14 during midday trading on Monday, hitting $123.80. The company had a trading volume of 5,867,750 shares, compared to its average volume of 8,522,495. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The company has a market cap of $151.15 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 1.99 and a beta of 1.15. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $124.39. The company has a fifty day moving average of $109.68 and a two-hundred day moving average of $90.35.

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 during 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%.Amphenol's revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is presently 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.