Kornitzer Capital Management Inc. KS Reduces Holdings in Amphenol Corporation $APH

Key Points

• Kornitzer Capital Management Inc. KS reduced its stake in Amphenol by 35.5% in Q4, selling 26,725 shares and retaining 48,602 shares valued at about $6.57 million per its SEC filing.
• CEO Richard Norwitt sold 515,281 Amphenol shares on Feb. 12 for roughly $75.9 million, a 21.09% cut to his position; insiders now own about 1.42% of the company.
• Amphenol beat estimates with EPS $1.06 (vs. $0.95) and revenue of $7.62 billion (up 58.4% YoY), and guided Q2 to $1.140–$1.160 per share.

Kornitzer Capital Management Inc. KS decreased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,602 shares of the electronics maker's stock after selling 26,725 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Amphenol were worth $6,568,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APH. Capital International Investors grew its holdings in shares of Amphenol by 446.9% during the third quarter. Capital International Investors now owns 18,006,524 shares of the electronics maker's stock worth $2,228,288,000 after purchasing an additional 14,714,177 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Amphenol by 106.9% during the third quarter. Capital Research Global Investors now owns 15,523,085 shares of the electronics maker's stock worth $1,920,982,000 after purchasing an additional 8,021,284 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Amphenol by 340.8% during the fourth quarter. Jennison Associates LLC now owns 10,257,379 shares of the electronics maker's stock worth $1,386,182,000 after purchasing an additional 7,930,532 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amphenol by 693.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,279,457 shares of the electronics maker's stock worth $900,833,000 after purchasing an additional 6,362,533 shares during the last quarter. Finally, Lone Pine Capital LLC purchased a new position in shares of Amphenol during the third quarter worth about $374,125,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the sale, the chief executive officer owned 1,927,507 shares of the company's stock, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on APH shares. Piper Sandler set a $165.00 price objective on Amphenol in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amphenol in a report on Monday, April 20th. Citigroup reaffirmed a "buy" rating and set a $180.00 price objective (up from $170.00) on shares of Amphenol in a report on Thursday. Fox Advisors reissued an "outperform" rating on shares of Amphenol in a report on Friday, January 9th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $183.00 price target on shares of Amphenol in a report on Thursday, January 15th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $169.08.

Amphenol Stock Performance

NYSE APH opened at $142.41 on Friday. The company has a quick ratio of 2.48, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 52-week low of $78.76 and a 52-week high of $167.04. The business's 50-day moving average price is $138.09 and its 200 day moving average price is $139.01. The firm has a market cap of $175.08 billion, a P/E ratio of 40.92, a P/E/G ratio of 1.46 and a beta of 1.29.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.11. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter last year, the company posted $0.63 earnings per share. The business's revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. On average, equities research analysts expect that Amphenol Corporation will post 4.49 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Amphenol's payout ratio is currently 28.74%.

Amphenol Company Profile

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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