First Manhattan CO. LLC. Sells 31,531 Shares of Amphenol Corporation $APH

Key Points

• First Manhattan CO. LLC reduced its Amphenol stake by 16.4% in the fourth quarter, selling 31,531 shares and leaving it with 160,917 shares valued at about $21.8 million.
• Amphenol continues to attract strong institutional interest, with major holders like Vanguard, State Street, JPMorgan, and Geode all reporting sizable positions; institutions own 97.01% of the company.
• The company reported better-than-expected quarterly results, with EPS of $1.06 versus $0.95 expected and revenue of $7.62 billion, while analysts maintain a consensus Moderate Buy rating and an average target price of $178.07.

First Manhattan CO. LLC. decreased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,917 shares of the electronics maker's stock after selling 31,531 shares during the quarter. First Manhattan CO. LLC.'s holdings in Amphenol were worth $21,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Amphenol by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 126,553,498 shares of the electronics maker's stock valued at $17,102,440,000 after acquiring an additional 1,322,682 shares in the last quarter. J. Stern & Co. LLP increased its holdings in shares of Amphenol by 9,435.8% during the fourth quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker's stock valued at $10,374,670,000 after acquiring an additional 75,964,718 shares in the last quarter. State Street Corp increased its holdings in shares of Amphenol by 1.6% during the fourth quarter. State Street Corp now owns 56,913,598 shares of the electronics maker's stock valued at $7,705,440,000 after acquiring an additional 888,526 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Amphenol by 102.7% during the fourth quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker's stock valued at $4,638,701,000 after acquiring an additional 17,387,536 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Amphenol by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker's stock worth $4,087,372,000 after buying an additional 748,813 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler set a $165.00 price target on Amphenol in a report on Tuesday, March 17th. JPMorgan Chase & Co. upped their price target on Amphenol from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Citigroup reiterated a "buy" rating and set a $180.00 price target (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Seaport Research Partners reiterated a "buy" rating and set a $215.00 price target on shares of Amphenol in a report on Thursday, April 30th. Finally, Jefferies Financial Group upped their price target on Amphenol from $165.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $178.07.

Amphenol Stock Up 1.2%

Shares of NYSE:APH opened at $160.75 on Thursday. The company has a market capitalization of $197.76 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The business has a fifty day moving average price of $141.62 and a two-hundred day moving average price of $140.03. Amphenol Corporation has a 1 year low of $92.54 and a 1 year high of $167.04.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.11. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The business's revenue for the quarter was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Analysts forecast that Amphenol Corporation will post 4.76 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol's dividend payout ratio is currently 28.74%.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 61,072 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the transaction, the chief executive officer owned 1,927,507 shares of the company's stock, valued at $277,368,257.30. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is owned by corporate insiders.

Amphenol Profile

Amphenol Corporation NYSE: APH is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

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