Alta Capital Management LLC Sells 167,278 Shares of Amphenol Corporation $APH

Alta Capital Management LLC reduced its stake in Amphenol Corporation (NYSE:APH) by 26.3% during the fourth quarter, HoldingsChannel reports. The firm owned 469,034 shares of the electronics maker’s stock after selling 167,278 shares during the quarter. Amphenol accounts for about 4.2% of Alta Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Alta Capital Management LLC’s holdings in Amphenol were worth $63,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in APH. Tucker Asset Management LLC acquired a new stake in Amphenol during the 4th quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in shares of Amphenol in the 4th quarter worth approximately $27,000. Towne Trust Company N.A acquired a new position in shares of Amphenol in the 4th quarter worth approximately $34,000. Laurel Wealth Advisors LLC acquired a new position in shares of Amphenol in the 4th quarter worth approximately $34,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in shares of Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 130,775 shares of company stock worth $18,709,350 over the last quarter. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Amphenol from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group raised their price target on shares of Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays restated an “overweight” rating and issued a $180.00 price target (up from $175.00) on shares of Amphenol in a report on Monday, May 4th. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.53.

Amphenol Price Performance

Shares of NYSE:APH opened at $121.70 on Tuesday. The company’s 50-day moving average is $135.28 and its 200 day moving average is $139.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The company has a market capitalization of $149.71 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. Amphenol Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $167.04.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. On average, equities research analysts forecast that Amphenol Corporation will post 4.76 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio is 28.74%.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.