Cinctive Capital Management LP Sells 44,503 Shares of Amphenol Corporation $APH

Key Points

• Cinctive Capital Management LP significantly reduced its holdings in Amphenol Corporation by 76.4%, now owning 13,709 shares valued at $899,000.
• Four analysts increased their price targets for Amphenol, with estimates ranging from $110.00 to $127.00, indicating a general positive outlook on the stock.
• Amphenol announced a quarterly dividend of $0.165 per share, reflecting a 0.6% yield and a dividend payout ratio of 26.29%.

Cinctive Capital Management LP lowered its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 76.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,709 shares of the electronics maker's stock after selling 44,503 shares during the quarter. Cinctive Capital Management LP's holdings in Amphenol were worth $899,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of APH. Independent Advisor Alliance raised its holdings in Amphenol by 1.7% during the 1st quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock worth $471,000 after buying an additional 122 shares during the period. Forum Financial Management LP increased its holdings in Amphenol by 1.9% during the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after purchasing an additional 126 shares in the last quarter. Ironwood Investment Counsel LLC lifted its holdings in shares of Amphenol by 2.9% in the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock valued at $307,000 after purchasing an additional 132 shares in the last quarter. FourThought Financial Partners LLC grew its holdings in shares of Amphenol by 4.1% during the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock worth $231,000 after buying an additional 139 shares in the last quarter. Finally, Gallacher Capital Management LLC raised its position in Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after buying an additional 142 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

NYSE APH traded up $6.31 during trading on Tuesday, reaching $116.85. 14,089,041 shares of the company's stock were exchanged, compared to its average volume of 8,420,166. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $117.24. The stock has a market capitalization of $142.66 billion, a P/E ratio of 46.55, a PEG ratio of 1.77 and a beta of 1.15. The business has a 50 day moving average price of $105.84 and a 200-day moving average price of $86.89. 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 earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping 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 company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Sell-side analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 113,000 shares of the business'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 transaction of $12,462,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,380,250. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APH shares. Truist Financial lifted their price objective on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. KGI Securities started coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Wall Street Zen downgraded Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Industrial Alliance Securities set a $115.00 target price on Amphenol in a report on Friday, July 11th. Finally, Robert W. Baird raised their price target on Amphenol from $118.00 to $127.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.62.

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.