Chevy Chase Trust Holdings LLC Buys 3,780 Shares of Amphenol Corporation $APH

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Amphenol Corporation by 0.6% in Q2 by acquiring an additional 3,780 shares, bringing its total holdings to approximately 639,168 shares valued at $63.1 million.
• Several hedge funds, including Hughes Financial Services and Opal Wealth Advisors, have recently established new positions in Amphenol, indicating a growing institutional interest, with 97.01% of the stock now owned by institutional investors.
• Amphenol reported strong Q2 earnings with $0.81 EPS, surpassing expectations, and set an ambitious price target of $150.00 from Bank of America, despite recent sales by insiders of approximately 665,924 shares.

Chevy Chase Trust Holdings LLC lifted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 639,168 shares of the electronics maker's stock after acquiring an additional 3,780 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Amphenol worth $63,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in APH. Hughes Financial Services LLC bought a new position in shares of Amphenol during the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the 2nd quarter valued at approximately $25,000. Avalon Trust Co grew its stake in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Amphenol during the 1st quarter valued at approximately $28,000. Finally, Saudi Central Bank bought a new position in shares of Amphenol during the 1st quarter valued at approximately $31,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Lance E. D'amico sold 100,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the sale, the vice president owned 76,400 shares in the company, valued at approximately $8,449,840. This represents a 56.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.56, for a total value of $4,430,802.56. Following the sale, the chief financial officer owned 39,884 shares in the company, valued at $4,409,575.04. The trade was a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research analyst reports. UBS Group set a $120.00 price target on Amphenol in a report on Tuesday, October 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Amphenol in a report on Wednesday, October 8th. The Goldman Sachs Group set a $139.00 price target on Amphenol and gave the stock a "buy" rating in a report on Monday, September 29th. Bank of America raised Amphenol from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $120.00 to $150.00 in a report on Wednesday. Finally, Truist Financial boosted their price target on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Ten 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

Amphenol Stock Up 1.3%

Shares of APH opened at $127.27 on Friday. The stock has a market capitalization of $155.39 billion, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.17. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $128.12. The business's 50 day simple moving average is $117.08 and its 200-day simple moving average is $97.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46.

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

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, September 16th. Amphenol's dividend payout ratio 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.