First Merchants Corp Has $25.59 Million Stake in Amphenol Corporation $APH

First Merchants Corp decreased its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 259,117 shares of the electronics maker's stock after selling 2,417 shares during the period. Amphenol accounts for about 1.0% of First Merchants Corp's holdings, making the stock its 22nd largest position. First Merchants Corp's holdings in Amphenol were worth $25,588,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Motive Wealth Advisors acquired a new position in shares of Amphenol during the 2nd quarter valued at about $215,000. LeConte Wealth Management LLC bought a new stake in Amphenol during the 2nd quarter valued at approximately $399,000. Perigon Wealth Management LLC boosted its stake in Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares during the period. City Center Advisors LLC bought a new stake in Amphenol during the 2nd quarter valued at approximately $482,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Amphenol by 46.8% during the 1st 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 period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling

In related news, insider William J. Doherty sold 113,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total value of $11,042,000.00. Following the sale, the vice president directly owned 12,500 shares of the company's stock, valued at $1,380,250. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock worth $73,369,357 over the last 90 days. Corporate insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Truist Financial increased their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Bank of America increased their target price on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. UBS Group set a $120.00 target price on Amphenol in a research note on Tuesday. Finally, KGI Securities began coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.57.

Amphenol Price Performance

Shares of APH stock opened at $125.74 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $153.52 billion, a P/E ratio of 50.10, a P/E/G ratio of 1.99 and a beta of 1.17. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $126.11. The stock has a 50 day moving average of $115.04 and a two-hundred day moving average of $95.34.

Amphenol (NYSE:APH - Get Free Report) last posted 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. 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%.Amphenol's revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company 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 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

About Amphenol

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.

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