HighTower Advisors LLC Sells 3,433 Shares of Amphenol Corporation $APH

Key Points

• HighTower Advisors LLC reduced its stake in Amphenol Corporation by 1.4% in Q1, holding a total of 234,487 shares valued at approximately $15.38 million.
• Insider selling was significant, with VP David M. Silverman selling 100,000 shares worth nearly $8.91 million, representing an 88.89% decrease in his ownership.
• Amphenol recently announced a quarterly dividend of $0.165 per share, resulting in an annualized dividend yield of 0.6%.

HighTower Advisors LLC trimmed its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,487 shares of the electronics maker's stock after selling 3,433 shares during the quarter. HighTower Advisors LLC's holdings in Amphenol were worth $15,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its position in shares of Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after buying an additional 3,964 shares during the period. Raiffeisen Bank International AG acquired a new position in Amphenol during the fourth quarter worth $13,847,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Amphenol by 46.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after buying an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Amphenol by 14.4% during the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after buying an additional 568 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after acquiring an additional 2,514 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of APH stock traded down $1.1740 during trading on Tuesday, hitting $109.8860. The company had a trading volume of 6,999,882 shares, compared to its average volume of 9,374,332. The stock's 50-day moving average is $101.61 and its two-hundred day moving average is $82.83. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $134.16 billion, a price-to-earnings ratio of 43.78, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $112.35.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results 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. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company's revenue for the quarter was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. 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 (DPR) is 26.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. Truist Financial lifted their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Citigroup raised their price objective on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Finally, Bank of America lifted their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.62.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This represents a 88.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 912,000 shares of company stock worth $88,763,320. Corporate insiders own 1.67% of the company's stock.

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.