GC Wealth Management RIA LLC Sells 18,325 Shares of Amphenol Corporation $APH

Key Points

• GC Wealth Management RIA LLC cut its Amphenol stake by 83.5%, selling 18,325 shares and leaving it with 3,611 shares valued at about $488,000.
• CEO Richard Adam Norwitt sold 515,281 shares at an average of $147.27 for roughly $75.9 million, reducing his ownership by 21.09% to 1,927,507 shares (≈$283.9M).
• Amphenol beat Q1 estimates with EPS $1.06 vs. $0.95 and revenue $7.62B vs. $7.08B (revenue +58.4% YoY); analysts have a consensus "Moderate Buy" rating with a $169.08 target (12 Buys, 2 Holds).

GC Wealth Management RIA LLC cut its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,611 shares of the electronics maker's stock after selling 18,325 shares during the quarter. GC Wealth Management RIA LLC's holdings in Amphenol were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APH. DSG Capital Advisors LLC grew its stake in shares of Amphenol by 230.9% in the third quarter. DSG Capital Advisors LLC now owns 10,688 shares of the electronics maker's stock worth $1,323,000 after purchasing an additional 7,458 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Amphenol by 10.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 271,766 shares of the electronics maker's stock worth $33,631,000 after purchasing an additional 26,175 shares during the last quarter. Regents Gate Capital LLP boosted its position in Amphenol by 54.8% during the 3rd quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker's stock valued at $11,992,000 after acquiring an additional 34,289 shares in the last quarter. Estate Counselors LLC bought a new stake in Amphenol during the 3rd quarter valued at approximately $3,831,000. Finally, Convergence Investment Partners LLC boosted its position in Amphenol by 59.9% during the 3rd quarter. Convergence Investment Partners LLC now owns 19,300 shares of the electronics maker's stock valued at $2,388,000 after acquiring an additional 7,230 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the completion of the transaction, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $283,863,955.89. This trade represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on APH. The Goldman Sachs Group reaffirmed a "buy" rating and set a $183.00 price objective on shares of Amphenol in a research report on Thursday, January 15th. Evercore reaffirmed an "outperform" rating on shares of Amphenol in a research report on Tuesday, March 17th. Piper Sandler set a $165.00 price objective on Amphenol in a research report on Tuesday, March 17th. Citigroup reaffirmed a "buy" rating and set a $180.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday. Finally, Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.08.

Amphenol Price Performance

APH stock opened at $142.41 on Friday. The firm has a 50 day moving average price of $138.09 and a 200-day moving average price of $138.90. Amphenol Corporation has a 52-week low of $78.76 and a 52-week high of $167.04. The firm has a market capitalization of $175.08 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.51 and a beta of 1.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.48 and a current ratio of 1.71.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.11. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the business earned $0.63 earnings per share. The business's revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Equities research analysts forecast that Amphenol Corporation will post 4.39 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Amphenol's dividend payout ratio (DPR) is presently 29.94%.

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.

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.