Stone Summit Wealth LLC Cuts Position in Amphenol Corporation $APH

Stone Summit Wealth LLC reduced its stake in shares of Amphenol Corporation (NYSE:APH) by 9.2% in the third quarter, HoldingsChannel reports. The firm owned 39,763 shares of the electronics maker’s stock after selling 4,031 shares during the period. Amphenol makes up approximately 1.4% of Stone Summit Wealth LLC’s investment portfolio, making the stock its 19th largest position. Stone Summit Wealth LLC’s holdings in Amphenol were worth $4,921,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in APH. Daymark Wealth Partners LLC raised its holdings in Amphenol by 47.2% in the third quarter. Daymark Wealth Partners LLC now owns 4,268 shares of the electronics maker’s stock worth $528,000 after purchasing an additional 1,369 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Amphenol in the 3rd quarter worth approximately $56,000. Letson Investment Management Inc. purchased a new stake in Amphenol during the third quarter valued at approximately $239,000. Commonwealth Equity Services LLC boosted its stake in Amphenol by 10.0% in the third quarter. Commonwealth Equity Services LLC now owns 134,742 shares of the electronics maker’s stock valued at $16,674,000 after acquiring an additional 12,277 shares in the last quarter. Finally, Earned Wealth Advisors LLC grew its holdings in Amphenol by 57.0% in the third quarter. Earned Wealth Advisors LLC now owns 5,072 shares of the electronics maker’s stock worth $628,000 after purchasing an additional 1,842 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 120,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total value of $11,283,200.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. Insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $139.63 on Monday. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $144.37. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $170.91 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The business has a 50-day simple moving average of $136.90 and a 200-day simple moving average of $120.52.

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

Amphenol Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $134.08.

Amphenol Profile

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.