Concentric Capital Strategies LP Increases Stake in Amphenol Corporation $APH

Key Points

• Concentric Capital Strategies LP increased its stake in Amphenol Corporation by 113.5% in Q1, now holding 94,350 shares valued at $6.19 million.
• Amphenol's latest earnings report shows a significant increase in revenue of 56.5% year-over-year, achieving $5.65 billion in the quarter, along with reported earnings per share of $0.81.
• Insider selling activity was notable, with significant transactions including William J. Doherty selling 113,000 shares and VP David M. Silverman selling 100,000 shares recently.

Concentric Capital Strategies LP increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 113.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,350 shares of the electronics maker's stock after buying an additional 50,163 shares during the period. Concentric Capital Strategies LP's holdings in Amphenol were worth $6,188,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance grew its holdings in shares of Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock valued at $471,000 after purchasing an additional 122 shares in the last quarter. 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 during the period. Ironwood Investment Counsel LLC increased its holdings in Amphenol by 2.9% during the 1st quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock worth $307,000 after purchasing an additional 132 shares during the period. FourThought Financial Partners LLC increased its holdings in Amphenol by 4.1% during the 1st quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock worth $231,000 after purchasing an additional 139 shares during the period. Finally, Gallacher Capital Management LLC increased its holdings in Amphenol by 4.6% during the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In related news, VP Lance E. D'amico sold 100,000 shares of the company'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 $8,449,840. This represents a 56.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $110.29, for a total transaction of $12,462,770.00. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock worth $73,369,357 in the last 90 days. Company insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Bank of America upped their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Robert W. Baird boosted their price target on shares of Amphenol from $118.00 to $127.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Stock Up 5.2%

Shares of NYSE:APH traded up $5.72 during trading on Tuesday, hitting $116.26. 7,885,689 shares of the company were exchanged, compared to its average volume of 8,382,129. The stock has a market capitalization of $141.95 billion, a P/E ratio of 46.33, a PEG ratio of 1.77 and a beta of 1.15. 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 Corporation has a 12-month low of $56.45 and a 12-month high of $116.60. The firm's 50 day moving average price is $105.84 and its 200-day moving average price is $86.89.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results 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 firm had revenue of $5.65 billion during 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 business's revenue 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. On average, research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol's dividend payout ratio is 26.29%.

Amphenol Company 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.