Central Pacific Bank Trust Division Lowers Holdings in Amphenol Corporation $APH

Key Points

• Central Pacific Bank Trust Division reduced its holdings in Amphenol Corporation by 5.7% in the second quarter, selling 2,291 shares for a total value of approximately $3.76 million.
• Several other institutional investors significantly increased their stakes in Amphenol during the first quarter, with T. Rowe Price increasing by 196.3% and UBS AM boosting its stake by 639.0%.
• Amphenol reported a 56.5% increase in quarterly revenue year-over-year and exceeded earnings expectations, posting $0.81 EPS against a consensus estimate of $0.66.

Central Pacific Bank Trust Division decreased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 5.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,032 shares of the electronics maker's stock after selling 2,291 shares during the quarter. Central Pacific Bank Trust Division's holdings in Amphenol were worth $3,756,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in shares of Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after buying an additional 3,964 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Amphenol by 46.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after buying an additional 22,293 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Amphenol by 14.4% in the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after buying an additional 568 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Amphenol by 4.2% in the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after buying an additional 2,514 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Amphenol by 338.2% in the first quarter. IFP Advisors Inc now owns 17,050 shares of the electronics maker's stock worth $1,118,000 after buying an additional 13,159 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America increased 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. JPMorgan Chase & Co. increased their price target on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird increased their price target on Amphenol from $118.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Finally, Industrial Alliance Securities set a $115.00 price target on Amphenol in a research report on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $105.62.

Insider Buying and Selling

In related news, insider William J. Doherty sold 113,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 39,884 shares of the company's stock, valued at $4,409,575.04. The trade was a 50.12% decrease in their ownership of the stock. 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. Company insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.72 during mid-day trading on Monday, reaching $119.40. 5,744,606 shares of the stock traded hands, compared to its average volume of 8,032,561. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $120.80. 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 stock has a market capitalization of $145.78 billion, a PE ratio of 47.57, a PEG ratio of 1.90 and a beta of 1.15. The business has a 50-day moving average of $107.86 and a 200 day moving average of $88.73.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The business's revenue for the quarter was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. 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.