State of Michigan Retirement System Sells 28,600 Shares of Amphenol Corporation $APH

Key Points

• State of Michigan Retirement System sold 28,600 Amphenol shares, a 6.9% reduction, leaving it with 386,974 shares valued at about $52.3 million.
• CEO Richard Adam Norwitt sold 515,281 shares (a 21.09% reduction) for roughly $75.9 million, highlighting significant insider selling.
• Amphenol beat quarterly expectations with $0.97 EPS vs. $0.93 est. and $6.44B revenue (up 49.1% YoY); it gave Q1 2026 EPS guidance of $0.91–$0.93 and pays a $0.25 quarterly dividend (0.7% yield).

State of Michigan Retirement System decreased its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 386,974 shares of the electronics maker's stock after selling 28,600 shares during the period. State of Michigan Retirement System's holdings in Amphenol were worth $52,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Advisors Inc. OK raised its holdings in shares of Amphenol by 3.4% in the 4th quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker's stock valued at $279,000 after acquiring an additional 68 shares in the last quarter. Canvas Wealth Advisors LLC grew its holdings in shares of Amphenol by 3.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker's stock worth $279,000 after purchasing an additional 70 shares in the last quarter. LOM Asset Management Ltd grew its holdings in shares of Amphenol by 16.3% during the fourth quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker's stock worth $68,000 after purchasing an additional 70 shares in the last quarter. Seeds Investor LLC increased its position in shares of Amphenol by 4.0% in the fourth quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker's stock worth $255,000 after purchasing an additional 72 shares during the last quarter. Finally, Procyon Advisors LLC raised its stake in Amphenol by 2.6% in the fourth quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker's stock valued at $388,000 after purchasing an additional 74 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH stock opened at $149.74 on Monday. The company has a market cap of $184.09 billion, a P/E ratio of 44.83, a PEG ratio of 1.56 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The firm has a 50-day moving average of $138.22 and a 200 day moving average of $138.47. Amphenol Corporation has a 1 year low of $74.14 and a 1 year high of $167.04.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.19 billion. Amphenol had a return on equity of 35.57% and a net margin of 18.49%.The firm's quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. On average, sell-side analysts forecast that Amphenol Corporation will post 4.34 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 23rd were given a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is 29.94%.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 515,281 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the sale, the chief executive officer owned 1,927,507 shares of the company's stock, valued at $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on APH shares. Zacks Research lowered shares of Amphenol from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Evercore restated an "outperform" rating on shares of Amphenol in a research report on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Fox Advisors reiterated an "outperform" rating on shares of Amphenol in a research report on Friday, January 9th. Finally, Barclays restated an "overweight" rating and set a $175.00 price target (up from $156.00) on shares of Amphenol in a research report on Thursday, January 29th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $156.71.

About Amphenol

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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