Generate Investment Management Ltd Cuts Stake in Amphenol Corporation $APH

Key Points

• Generate Investment Management Ltd reduced its Amphenol stake by 11.9% in the first quarter, selling 34,267 shares and leaving it with 254,042 shares valued at about $32.1 million.
• Amphenol reported strong quarterly results, posting EPS of $1.06 versus the $0.95 estimate and revenue of $7.62 billion, with revenue up 58.4% year over year.
• Despite some mixed sentiment, Wall Street remains broadly positive on APH, with 14 Buy ratings, 2 Hold ratings, and an average price target of $178.07; the company also announced a quarterly dividend of $0.25 per share.

Generate Investment Management Ltd cut its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,042 shares of the electronics maker's stock after selling 34,267 shares during the quarter. Amphenol accounts for 1.6% of Generate Investment Management Ltd's investment portfolio, making the stock its 15th largest position. Generate Investment Management Ltd's holdings in Amphenol were worth $32,098,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC increased its holdings in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares during the period. Bison Wealth LLC increased its holdings in Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker's stock worth $559,000 after purchasing an additional 618 shares during the period. NewEdge Advisors LLC raised its position in Amphenol by 55.4% in the 2nd quarter. NewEdge Advisors LLC now owns 62,946 shares of the electronics maker's stock valued at $6,216,000 after purchasing an additional 22,434 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Amphenol by 15.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,745 shares of the electronics maker's stock valued at $469,000 after buying an additional 638 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APH. JPMorgan Chase & Co. boosted their price objective on Amphenol from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Zacks Research cut shares of Amphenol from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Robert W. Baird set a $177.00 price target on shares of Amphenol in a research note on Thursday, April 30th. Wall Street Zen cut shares of Amphenol from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Rothschild & Co Redburn increased their price objective on shares of Amphenol from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $178.07.

Insider Activity at Amphenol

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

Amphenol Price Performance

Shares of NYSE APH opened at $166.38 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. Amphenol Corporation has a fifty-two week low of $92.98 and a fifty-two week high of $168.75. The firm has a market capitalization of $204.69 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The stock's 50-day simple moving average is $143.50 and its 200-day simple moving average is $140.55.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The firm's quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, equities research analysts forecast that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio is presently 28.74%.

About Amphenol

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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