Oak Grove Capital LLC Sells 6,390 Shares of Amphenol Corporation $APH

Oak Grove Capital LLC lowered its position in Amphenol Corporation (NYSE:APH) by 42.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,800 shares of the electronics maker’s stock after selling 6,390 shares during the period. Oak Grove Capital LLC’s holdings in Amphenol were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of APH. Motive Wealth Advisors acquired a new stake in shares of Amphenol in the second quarter valued at approximately $215,000. LeConte Wealth Management LLC acquired a new stake in shares of Amphenol in the second quarter valued at approximately $399,000. Perigon Wealth Management LLC increased its holdings in shares of Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker’s stock valued at $1,144,000 after purchasing an additional 3,964 shares in the last quarter. City Center Advisors LLC acquired a new stake in shares of Amphenol in the second quarter valued at approximately $482,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Amphenol by 25.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,711 shares of the electronics maker’s stock valued at $2,736,000 after purchasing an additional 5,630 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on APH shares. Barclays started coverage on shares of Amphenol in a report on Wednesday, October 8th. They issued an “equal weight” rating and a $120.00 price target for the company. Citigroup lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial lifted their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Friday. Finally, Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.77.

Amphenol Price Performance

Shares of APH stock opened at $133.80 on Monday. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $137.65. The firm has a market capitalization of $163.35 billion, a price-to-earnings ratio of 44.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. 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 firm has a fifty day moving average of $119.39 and a 200-day moving average of $100.97.

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, beating the consensus estimate of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The firm’s 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, equities research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is presently 22.00%.

Insider Activity

In other news, CFO Craig A. Lampo sold 199,848 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total value of $22,069,214.64. Following the completion of the transaction, the chief financial officer owned 125,695 shares of the company’s stock, valued at $13,880,498.85. The trade was a 61.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $108.89, for a total transaction of $12,304,570.00. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock worth $73,369,357 over the last quarter. Corporate insiders own 1.67% of the company’s stock.

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.