Amphenol (NYSE:APH) Shares Down 1.4% - Time to Sell?

Key Points

• Amphenol shares fell 1.4% to $81.51 in mid-day trading, while analysts maintained a “Moderate Buy” consensus and an average price target of $98.56.
• The company reported quarterly EPS of $0.68, beating estimates by $0.08, while revenue reached $8.76 billion, up 55% year over year and above expectations.
• Amphenol declared a quarterly dividend of $0.25 per share, but insiders sold more than 2.1 million shares worth approximately $172.3 million in the last quarter.

Amphenol Corporation (NYSE:APH - Get Free Report)'s share price was down 1.4% on Thursday. The company traded as low as $78.37 and last traded at $81.5110. 15,618,235 shares were traded during mid-day trading, a decline of 10% from the average session volume of 17,279,447 shares. The stock had previously closed at $82.69.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $116.00 price objective (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Zacks Research downgraded shares of Amphenol from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. TD Cowen cut their price target on shares of Amphenol from $175.00 to $90.00 and set a "hold" rating on the stock in a report on Wednesday, September 9th. Citigroup reaffirmed a "buy" rating and set a $112.00 price target (up from $105.00) on shares of Amphenol in a research report on Thursday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $88.50 to $95.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $98.56.

Amphenol Stock Down 1.4%

The company has a market capitalization of $201.00 billion, a price-to-earnings ratio of 40.86, a P/E/G ratio of 1.19 and a beta of 1.23. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average price of $82.43 and a two-hundred day moving average price of $76.84.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.08. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.26 billion. Amphenol had a return on equity of 39.87% and a net margin of 17.73%. Amphenol's quarterly revenue was up 55.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, sell-side analysts expect that Amphenol Corporation will post 2.67 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $1.00 annualized dividend and a yield of 1.2%. Amphenol's dividend payout ratio is presently 25.00%.

Insider Transactions at Amphenol

In related news, EVP David M. Silverman sold 240,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the sale, the executive vice president directly owned 31,344 shares of the company's stock, valued at approximately $2,730,689.28. This represents a 88.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $81.00, for a total value of $8,099,500.00. Following the transaction, the executive vice president owned 114,130 shares in the company, valued at $9,243,959.35. This trade represents a 46.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,098,608 shares of company stock worth $172,316,688 in the last quarter. Insiders own 1.42% of the company's stock.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently modified their holdings of the business. J. Stern & Co. LLP grew its position in Amphenol by 9,435.8% during the 4th quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker's stock worth $10,374,670,000 after purchasing an additional 75,964,718 shares in the last quarter. Corient Private Wealth LP lifted its position in Amphenol by 3,010.0% in the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker's stock worth $2,898,248,000 after buying an additional 15,908,901 shares in the last quarter. State Street Corp lifted its position in Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker's stock worth $12,107,146,000 after buying an additional 13,884,641 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at $1,600,531,000. Finally, SG Americas Securities LLC boosted its stake in shares of Amphenol by 294.3% during the 1st quarter. SG Americas Securities LLC now owns 4,159,165 shares of the electronics maker's stock valued at $525,510,000 after buying an additional 3,104,335 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

About Amphenol

Amphenol Corporation NYSE: APH designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, sensors and antenna solutions. Its products enable the transmission of power, signals and data in applications that include high-speed communications, industrial equipment, transportation systems and electronic devices.

The company serves a broad range of end markets, including aerospace and defense, automotive, information technology and data communications, mobile networks, industrial automation, medical equipment and commercial electronics.

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