Amphenol Corporation $APH Shares Sold by Comerica Bank

Key Points

• Comerica Bank has reduced its stake in Amphenol Corporation by 8.3%, now holding 350,300 shares valued at approximately $22.98 million.
• Amphenol reported a strong quarterly earnings performance with $0.81 earnings per share, exceeding analysts' expectations of $0.66, and a revenue of $5.65 billion.
• The company recently announced a quarterly dividend of $0.165 per share, reflecting a 0.6% yield and a dividend payout ratio of 26.29%.

Comerica Bank reduced its position in Amphenol Corporation (NYSE:APH - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 350,300 shares of the electronics maker's stock after selling 31,697 shares during the quarter. Comerica Bank's holdings in Amphenol were worth $22,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC raised its holdings in 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 acquiring an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $13,847,000. Cambridge Investment Research Advisors Inc. increased its holdings 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 valued at $4,589,000 after purchasing an additional 22,293 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in Amphenol by 14.4% during 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. Finally, Assenagon Asset Management S.A. grew its holdings in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price target on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. KGI Securities began coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Citigroup increased their price objective on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.62.

Insider Buying and Selling at Amphenol

In related news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,211,924 shares of company stock worth $122,753,737. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Up 1.7%

Shares of APH stock traded up $1.82 during trading on Thursday, reaching $111.95. The company's stock had a trading volume of 5,076,700 shares, compared to its average volume of 7,595,330. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $112.35. The stock's 50-day moving average price is $103.56 and its 200 day moving average price is $84.39. The company has a market capitalization of $136.68 billion, a price-to-earnings ratio of 44.23, a P/E/G ratio of 1.77 and a beta of 1.13. 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 announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company 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. 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 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.