Hsbc Holdings PLC Sells 623,229 Shares of Amphenol Corporation $APH

Hsbc Holdings PLC decreased its holdings in Amphenol Corporation (NYSE:APH) by 24.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,915,525 shares of the electronics maker’s stock after selling 623,229 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Amphenol worth $188,888,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its position in shares of Amphenol by 1.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,212,268 shares of the electronics maker’s stock valued at $119,711,000 after buying an additional 17,620 shares during the last quarter. Harfst & Associates Inc. lifted its stake in shares of Amphenol by 46.0% in the second quarter. Harfst & Associates Inc. now owns 22,976 shares of the electronics maker’s stock worth $2,269,000 after acquiring an additional 7,242 shares during the period. Vinva Investment Management Ltd lifted its stake in shares of Amphenol by 28.2% in the second quarter. Vinva Investment Management Ltd now owns 78,393 shares of the electronics maker’s stock worth $7,657,000 after acquiring an additional 17,225 shares during the period. Employees Retirement System of Texas acquired a new stake in Amphenol during the 2nd quarter valued at approximately $10,567,000. Finally, Inceptionr LLC bought a new position in Amphenol during the 2nd quarter worth approximately $910,000. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on APH shares. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays upped their price target on shares of Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, October 15th. Citigroup boosted their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.54.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 365,118 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the completion of the sale, the insider directly owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 983,194 shares of company stock valued at $136,884,445. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock opened at $140.47 on Friday. The business has a 50-day simple moving average of $131.42 and a 200 day simple moving average of $112.00. Amphenol Corporation has a one year low of $56.45 and a one year high of $144.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The firm has a market capitalization of $171.94 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last announced its quarterly 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. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 53.4% on a year-over-year basis. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. On average, research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed 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. The ex-dividend date 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 yield of 0.7%. Amphenol’s dividend 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.