Amphenol Corporation $APH Stock Holdings Lowered by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management reduced its stake in Amphenol Corporation by 19.3% during the second quarter, now holding 674,251 shares valued at approximately $66.58 million.
• Amphenol's most recent quarterly earnings surpassed expectations, reporting $0.81 earnings per share and a revenue of $5.65 billion, which is a 56.5% increase year-over-year.
• The company has announced a quarterly dividend of $0.165, which will be paid to shareholders on October 8th, resulting in an annualized yield of 0.5%.

Wedge Capital Management L L P NC cut its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 674,251 shares of the electronics maker's stock after selling 161,139 shares during the quarter. Amphenol comprises approximately 1.2% of Wedge Capital Management L L P NC's portfolio, making the stock its 11th largest holding. Wedge Capital Management L L P NC owned about 0.06% of Amphenol worth $66,582,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Independent Advisor Alliance increased its stake in Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock valued at $471,000 after purchasing an additional 122 shares during the period. Forum Financial Management LP increased its stake in Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after purchasing an additional 126 shares during the period. Ironwood Investment Counsel LLC increased its stake in Amphenol by 2.9% in the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock valued at $307,000 after purchasing an additional 132 shares during the period. Arlington Trust Co LLC increased its stake in Amphenol by 8.5% in the second quarter. Arlington Trust Co LLC now owns 1,716 shares of the electronics maker's stock valued at $169,000 after purchasing an additional 134 shares during the period. Finally, FourThought Financial Partners LLC increased its stake in Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock valued at $231,000 after purchasing an additional 139 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Up 1.3%

NYSE:APH traded up $1.62 during trading hours on Tuesday, reaching $125.31. 4,852,982 shares of the company were exchanged, compared to its average volume of 8,539,127. The stock has a 50 day simple moving average of $110.15 and a 200 day simple moving average of $90.78. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $125.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The firm has a market cap of $153.00 billion, a price-to-earnings ratio of 49.86, a PEG ratio of 1.99 and a beta of 1.15.

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 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 business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm posted $0.44 EPS. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 199,848 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the completion of the transaction, the chief financial officer directly owned 125,695 shares of the company's stock, valued at $13,880,498.85. The trade was a 61.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock valued at $73,369,357 in the last 90 days. 1.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on APH shares. Citigroup boosted their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Bank of America increased their price target on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. UBS Group increased their price target on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Finally, Truist Financial increased their price target on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.