International Assets Investment Management LLC Sells 3,034 Shares of Amphenol Corporation $APH

Key Points

• International Assets Investment Management LLC decreased its position in Amphenol Corporation by 41.8% in the second quarter, selling 3,034 shares and now holds 4,224 shares valued at approximately $417,000.
• Amphenol recently reported earnings of $0.93 per share for the last quarter, surpassing analyst estimates of $0.79, with a revenue of $6.19 billion, representing a year-over-year increase of 53.4%.
• The company disclosed an increase in its quarterly dividend from $0.17 to $0.25 per share, resulting in an annualized dividend of $1.00 and a dividend yield of 0.8%.

International Assets Investment Management LLC reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 41.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,224 shares of the electronics maker's stock after selling 3,034 shares during the quarter. International Assets Investment Management LLC's holdings in Amphenol were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Vanguard Group Inc. increased its position in Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after purchasing an additional 2,870,933 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Amphenol by 196.3% during the 1st 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 purchasing an additional 11,092,282 shares during the period. Wellington Management Group LLP increased its position in Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock valued at $798,163,000 after purchasing an additional 5,154,860 shares during the period. Invesco Ltd. increased its position in Amphenol by 1.6% during the 1st quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock valued at $603,362,000 after purchasing an additional 141,069 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Amphenol by 639.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock valued at $574,500,000 after purchasing an additional 7,573,750 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,380,250. The trade was a 88.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 113,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $108.89, for a total value of $12,304,570.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 665,924 shares of company stock worth $73,369,357. Insiders own 1.67% of the company's stock.

Amphenol Trading Up 3.6%

APH stock opened at $128.95 on Thursday. 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 firm has a fifty day moving average price of $118.40 and a 200 day moving average price of $99.42. The firm has a market cap of $157.44 billion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $135.94.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business's revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This is an increase from Amphenol's previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol's payout ratio is presently 26.29%.

Analysts Set New Price Targets

A number of research analysts have issued reports on APH shares. Bank of America raised shares of Amphenol from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the stock an "outperform" rating in a report on Friday, October 10th. UBS Group set a $120.00 price objective on shares of Amphenol in a report on Tuesday, October 7th. Weiss Ratings restated a "buy (b)" rating on shares of Amphenol in a research note on Wednesday, October 8th. Finally, Truist Financial raised their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Amphenol Company 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.

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