HighVista Strategies LLC Sells 3,900 Shares of Amphenol Corporation $APH

HighVista Strategies LLC trimmed its holdings in shares of Amphenol Corporation (NYSE:APH) by 17.0% in the second quarter, HoldingsChannel.com reports. The fund owned 19,000 shares of the electronics maker’s stock after selling 3,900 shares during the period. HighVista Strategies LLC’s holdings in Amphenol were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the second quarter valued at about $25,000. Howard Hughes Medical Institute purchased a new stake in Amphenol in the 2nd quarter worth approximately $26,000. Hilltop National Bank bought a new position in Amphenol in the 2nd quarter valued at $35,000. Saudi Central Bank purchased a new position in shares of Amphenol during the 1st quarter valued at $31,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Amphenol in the first quarter worth $33,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.50, for a total value of $5,750,906.00. Following the transaction, the chief financial officer owned 39,884 shares in the company, valued at approximately $5,723,354. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research reports. Citigroup raised their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Truist Financial upped their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI raised their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and increased their target price for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

Amphenol Trading Up 0.1%

Shares of APH opened at $138.79 on Thursday. The company has a market cap of $169.88 billion, a P/E ratio of 46.26, a P/E/G ratio of 1.09 and a beta of 1.19. The company’s fifty day simple moving average is $134.00 and its 200-day simple moving average is $115.18. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

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

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This is an increase 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 presently 22.00%.

Amphenol Company 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.