Carderock Capital Management Inc. Trims Stake in Amphenol Corporation $APH

Key Points

• Carderock Capital Management Inc. reduced its stake in Amphenol Corporation by 6.0%, selling 9,900 shares, which now represent 2.7% of its portfolio.
• Institutions have been active, with various firms like Hughes Financial Services and Avalon Trust Co. acquiring new stakes or increasing their holdings in Amphenol this quarter.
• Amphenol's earnings report showed a significant rise with a 56.5% increase in revenue year-over-year and earnings per share of $0.81, surpassing estimates.

Carderock Capital Management Inc. lessened its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 156,065 shares of the electronics maker's stock after selling 9,900 shares during the period. Amphenol accounts for 2.7% of Carderock Capital Management Inc.'s portfolio, making the stock its 6th largest position. Carderock Capital Management Inc.'s holdings in Amphenol were worth $10,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hughes Financial Services LLC acquired a new stake in shares of Amphenol during the first quarter worth $25,000. Avalon Trust Co boosted its holdings in 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 buying an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol during the 1st quarter worth about $28,000. Saudi Central Bank bought a new stake in shares of Amphenol in the 1st quarter valued at about $31,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Amphenol in the 1st quarter valued at approximately $33,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Truist Financial raised their price objective on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Evercore ISI lifted their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. Finally, Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.62.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. The trade was a 88.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction that occurred 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. Insiders sold a total of 665,924 shares of company stock worth $73,369,357 in the last three months. Insiders own 1.67% of the company's stock.

Amphenol Trading Up 2.2%

NYSE APH opened at $119.38 on Thursday. The stock has a market capitalization of $145.75 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 1.87 and a beta of 1.15. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $120.80. The stock's 50 day moving average price is $106.65 and its two-hundred day moving average price is $87.32. 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 (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm's revenue was up 56.5% compared to the same quarter last year. During the same period 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 fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a $0.165 dividend. The ex-dividend date 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 presently 26.29%.

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.

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.