Fred Alger Management LLC Sells 29,920 Shares of Amphenol Corporation $APH

Key Points

• Major insider sale: CEO Richard Adam Norwitt sold 515,281 shares at an average price of $147.27 for about $75.9 million, reducing his stake by 21.09% to 1,927,507 shares.
• Fred Alger Management cut its Amphenol holding by 18%, selling 29,920 shares and leaving the firm with 136,569 shares worth roughly $16.9 million per its latest SEC filing.
• Amphenol beat recent expectations with $0.97 EPS versus $0.93 and revenue of $6.44 billion (up 49.1% YoY), set Q1 2026 guidance of $0.910–0.930, and announced a $0.25 quarterly dividend (annual $1.00, ~0.7% yield).

Fred Alger Management LLC cut its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,569 shares of the electronics maker's stock after selling 29,920 shares during the period. Fred Alger Management LLC's holdings in Amphenol were worth $16,923,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of APH. Financial Management Professionals Inc. lifted its position in shares of Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker's stock worth $25,000 after acquiring an additional 90 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Amphenol during the 2nd quarter valued at $26,000. Alpine Bank Wealth Management purchased a new stake in Amphenol during the 3rd quarter worth about $30,000. Finally, Evolution Wealth Management Inc. purchased a new stake in Amphenol during the 2nd quarter worth about $31,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Up 2.2%

Shares of NYSE APH opened at $136.86 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average of $144.17 and a 200-day moving average of $135.02. The firm has a market capitalization of $168.23 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.42 and a beta of 1.20. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $167.04.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period last year, the firm posted $0.55 earnings per share. Amphenol's quarterly revenue was up 49.1% on a year-over-year basis. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. Sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, March 23rd. Amphenol's payout ratio is currently 29.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $183.00 price target on shares of Amphenol in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amphenol in a research note on Wednesday, January 21st. Citigroup upped their target price on shares of Amphenol from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Barclays reissued an "overweight" rating and issued a $175.00 price target (up from $156.00) on shares of Amphenol in a report on Thursday, January 29th. Finally, Fox Advisors restated an "outperform" rating on shares of Amphenol in a research report on Friday, January 9th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $151.38.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 515,281 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the transaction, the chief executive officer owned 1,927,507 shares of the company's stock, valued at $283,863,955.89. This represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.67% of the company's stock.

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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