Gotham Asset Management LLC Purchases 41,127 Shares of Amphenol Corporation $APH

Key Points

• Gotham Asset Management LLC increased its stake in Amphenol Corporation by 29.6%, now owning approximately 179,894 shares valued at $11.80 million.
• Company insiders, including VP Lance E. D'amico, significantly reduced their holdings, selling a total of 665,924 shares worth over $73 million in the past ninety days.
• Amphenol reported a quarterly earnings per share of $0.81, exceeding analysts' estimates of $0.66, with revenue up 56.5% year-over-year.

Gotham Asset Management LLC increased its position in Amphenol Corporation (NYSE:APH - Free Report) by 29.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,894 shares of the electronics maker's stock after purchasing an additional 41,127 shares during the quarter. Gotham Asset Management LLC's holdings in Amphenol were worth $11,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock valued at $1,098,190,000 after buying an additional 11,092,282 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock valued at $798,163,000 after buying an additional 5,154,860 shares in the last quarter. Invesco Ltd. boosted its holdings in Amphenol by 1.6% in the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock valued at $603,362,000 after acquiring an additional 141,069 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Amphenol by 1.1% in the first quarter. Alliancebernstein L.P. now owns 8,739,553 shares of the electronics maker's stock valued at $573,227,000 after acquiring an additional 92,450 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider William J. Doherty sold 113,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total transaction of $12,462,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the sale, the vice president directly owned 76,400 shares of the company's stock, valued at $8,449,840. This represents a 56.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 665,924 shares of company stock worth $73,369,357. Corporate insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APH. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Citigroup lifted their price objective on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Evercore ISI lifted their target price on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Bank of America boosted their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.62.

Amphenol Price Performance

Shares of Amphenol stock traded down $1.11 during trading on Friday, reaching $118.36. 2,618,307 shares of the company's stock were exchanged, compared to its average volume of 8,454,001. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $120.80. The firm's 50-day moving average price is $107.06 and its 200 day moving average price is $87.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The company has a market cap of $144.51 billion, a P/E ratio of 47.15, a PEG ratio of 1.91 and a beta of 1.15.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio is presently 26.29%.

Amphenol Profile

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.