Candriam S.C.A. Trims Position in Amphenol Corporation $APH

Candriam S.C.A. trimmed its holdings in shares of Amphenol Corporation (NYSE:APH) by 25.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 105,037 shares of the electronics maker’s stock after selling 35,047 shares during the quarter. Candriam S.C.A.’s holdings in Amphenol were worth $10,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APH. Motive Wealth Advisors purchased a new position in Amphenol during the second quarter worth about $215,000. LeConte Wealth Management LLC purchased a new stake in shares of Amphenol during the 2nd quarter valued at approximately $399,000. Advyzon Investment Management LLC lifted its holdings in Amphenol by 101.6% in the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after acquiring an additional 3,051 shares during the last quarter. New York Life Investment Management LLC grew its position in Amphenol by 1.6% in the second quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after acquiring an additional 2,535 shares during the period. Finally, City Center Advisors LLC acquired a new stake in Amphenol during the second quarter worth $482,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on APH shares. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Citigroup increased their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI boosted their price target on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Barclays upped their price objective on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Buying and Selling

In related news, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $134.65, for a total value of $49,163,138.70. Following the sale, the insider owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. This trade represents a 90.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,423,118 shares of company stock worth $185,486,462 over the last ninety days. Company insiders own 1.67% of the company’s stock.

Amphenol Trading Down 1.4%

Shares of APH stock opened at $133.33 on Friday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $144.37. The company has a 50 day moving average price of $128.04 and a 200 day moving average price of $108.13. The stock has a market capitalization of $163.20 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The company had revenue of $6.19 billion during 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 revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the company posted $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. Equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Amphenol Profile

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.