Resona Asset Management Co. Ltd. Sells 149,241 Shares of Amphenol Corporation $APH

Resona Asset Management Co. Ltd. decreased its position in shares of Amphenol Corporation (NYSE:APH) by 13.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 963,726 shares of the electronics maker’s stock after selling 149,241 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Amphenol were worth $94,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Hughes Financial Services LLC bought a new position in shares of Amphenol in the first quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the second quarter worth about $25,000. Avalon Trust Co grew its holdings in shares of Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Amphenol in the first quarter worth about $28,000. Finally, Saudi Central Bank bought a new position in shares of Amphenol in the first quarter worth about $31,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI upped their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.77.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the sale, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at approximately $4,409,575.04. The trade was a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,351,042 shares of company stock valued at $167,557,296. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Up 1.5%

Shares of Amphenol stock opened at $138.72 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $142.50. The firm’s 50-day moving average is $124.00 and its two-hundred day moving average is $105.07. The stock has a market cap of $169.80 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s payout ratio is currently 33.33%.

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.