Price T Rowe Associates Inc. MD Sells 16,803,388 Shares of Amphenol Corporation $APH

Key Points

• Price T Rowe Associates Inc. reduced its holdings in Amphenol Corporation by 28.5%, owning approximately 42.1 million shares, worth $2.76 billion as of the latest SEC filing.
• Amphenol reported a 56.5% year-over-year increase in revenue for the quarter, amounting to $5.65 billion, along with an EPS of $0.81, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.165 per share, which will be paid to shareholders on October 8th, reflecting a dividend yield of 0.6%.

Price T Rowe Associates Inc. MD lowered its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 42,108,425 shares of the electronics maker's stock after selling 16,803,388 shares during the period. Price T Rowe Associates Inc. MD owned about 3.48% of Amphenol worth $2,761,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Bank of America Corp DE grew its holdings in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position 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 acquiring an additional 11,092,282 shares during the period. Nuveen LLC purchased a new position in shares of Amphenol in the first quarter valued at about $476,842,000. Wellington Management Group LLP increased its position 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 acquiring an additional 5,154,860 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after acquiring an additional 3,933,269 shares during the period. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. UBS Group boosted their price objective on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Evercore ISI boosted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research report on Friday, July 11th. 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 report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Trading Up 0.5%

Shares of NYSE:APH traded up $0.5040 on Friday, hitting $109.3140. The company had a trading volume of 7,552,440 shares, compared to its average volume of 7,896,059. The firm's 50-day simple moving average is $102.54 and its two-hundred day simple moving average is $83.65. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $112.35. 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 firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of 43.55, a P/E/G ratio of 1.76 and a beta of 1.13.

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

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

Insider Activity at Amphenol

In related news, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares of the company's stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider directly owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 912,000 shares of company stock worth $88,763,320 over the last 90 days. 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.