Gradient Investments LLC Sells 38,905 Shares of Amphenol Corporation $APH

Key Points

• Gradient Investments LLC reduced its stake in Amphenol Corporation by 11.9% during the second quarter, selling 38,905 shares and leaving them with 287,788 shares worth approximately $28.4 million.
• Analysts have raised their price targets for Amphenol, with Truist Financial setting a new target of $126.00 and Robert W. Baird increasing it to $127.00, indicating a strong outlook for the company's stock.
• Amphenol has announced a quarterly dividend of $0.165 per share, which will be paid on October 8th, contributing to an annualized yield of 0.6%.

Gradient Investments LLC decreased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 11.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,788 shares of the electronics maker's stock after selling 38,905 shares during the period. Gradient Investments LLC's holdings in Amphenol were worth $28,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in Amphenol during the first quarter valued at approximately $25,000. Avalon Trust Co grew its stake in Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Amphenol during the 1st quarter valued at $28,000. Saudi Central Bank acquired a new stake in shares of Amphenol in the 1st quarter worth $31,000. Finally, Ransom Advisory Ltd purchased a new position in Amphenol in the 1st quarter worth $33,000. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group lifted their price target on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Citigroup raised their price objective on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Robert W. Baird raised their price objective on shares of Amphenol from $118.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Finally, Evercore ISI raised their price objective on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price of $105.62.

Amphenol Stock Down 0.2%

Amphenol stock traded down $0.20 during midday trading on Tuesday, hitting $119.04. 7,717,500 shares of the stock were exchanged, compared to its average volume of 7,995,272. The firm has a market cap of $145.34 billion, a P/E ratio of 47.43, a P/E/G ratio of 1.91 and a beta of 1.15. The company has a 50 day moving average price of $108.29 and a two-hundred day moving average price of $88.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $120.80.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 16.90% and a return on equity of 30.58%. The company'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. On average, sell-side analysts predict 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 Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is currently 26.29%.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.56, for a total value of $4,430,802.56. Following the completion of the transaction, the chief financial officer owned 39,884 shares in the company, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 665,924 shares of company stock valued at $73,369,357. 1.67% of the stock is currently owned by insiders.

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.