Rafferty Asset Management LLC Has $21.62 Million Stake in Amphenol Corporation $APH

Key Points

• Rafferty Asset Management LLC reduced its stake in Amphenol Corporation by 20.3% in the first quarter, selling 83,941 shares and holding 329,652 shares valued at $21.62 million.
• Despite Rafferty's cutback, several institutional investors, including Independent Advisor Alliance and Forum Financial Management LP, have increased their holdings in Amphenol during the same quarter.
• Amphenol reported strong quarterly earnings, with an EPS of $0.81 exceeding estimates, and revenue of $5.65 billion, marking a 56.5% increase year-over-year.

Rafferty Asset Management LLC decreased its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 329,652 shares of the electronics maker's stock after selling 83,941 shares during the quarter. Rafferty Asset Management LLC's holdings in Amphenol were worth $21,622,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FORA Capital LLC bought a new position in shares of Amphenol during the 1st quarter worth about $906,000. J. Stern & Co. LLP increased its stake in Amphenol by 9.2% in the first quarter. J. Stern & Co. LLP now owns 845,119 shares of the electronics maker's stock valued at $55,431,000 after acquiring an additional 71,421 shares during the period. Quantitative Investment Management LLC acquired a new position in Amphenol in the first quarter valued at about $1,516,000. Northwestern Mutual Wealth Management Co. boosted its position in Amphenol by 35.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 109,361 shares of the electronics maker's stock valued at $7,173,000 after buying an additional 28,428 shares in the last quarter. Finally, Groupe la Francaise boosted its position in Amphenol by 14.1% in the first quarter. Groupe la Francaise now owns 148,362 shares of the electronics maker's stock valued at $10,114,000 after buying an additional 18,333 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 2.8%

NYSE:APH traded down $3.09 during trading hours on Friday, hitting $108.85. The stock had a trading volume of 6,200,801 shares, compared to its average volume of 7,085,790. Amphenol Corporation has a one year low of $56.45 and a one year high of $112.35. 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 company has a market cap of $132.90 billion, a price-to-earnings ratio of 43.37, a P/E/G ratio of 1.75 and a beta of 1.13. The business's 50 day moving average is $104.23 and its 200-day moving average is $85.04.

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

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given 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 is currently 26.29%.

Insider Activity at Amphenol

In other news, VP Lance E. D'amico sold 100,000 shares of the stock in a transaction on 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 sale, the vice president owned 76,400 shares of the company's stock, valued at $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction on 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 directly owned 12,500 shares of the company's stock, valued at $1,380,250. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 951,924 shares of company stock valued at $99,518,337 over the last three months. Insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Citigroup increased their price objective on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. KGI Securities assumed coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Finally, Evercore ISI upped their target price on shares of Amphenol from $105.00 to $110.00 and gave the company 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $105.62.

About Amphenol

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.