Quadrature Capital Ltd Trims Stock Holdings in Amphenol Corporation $APH

Quadrature Capital Ltd reduced its position in Amphenol Corporation (NYSE:APH) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,693 shares of the electronics maker’s stock after selling 3,072 shares during the quarter. Quadrature Capital Ltd’s holdings in Amphenol were worth $8,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Scotia Capital Inc. boosted its stake in Amphenol by 51.3% during the 2nd quarter. Scotia Capital Inc. now owns 18,908 shares of the electronics maker’s stock worth $1,867,000 after purchasing an additional 6,415 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Amphenol by 1.5% in the second 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. boosted its stake in shares of Amphenol by 46.0% during the second quarter. Harfst & Associates Inc. now owns 22,976 shares of the electronics maker’s stock worth $2,269,000 after buying an additional 7,242 shares during the period. Vinva Investment Management Ltd boosted its stake in shares of Amphenol by 28.2% during the second quarter. Vinva Investment Management Ltd now owns 78,393 shares of the electronics maker’s stock worth $7,657,000 after buying an additional 17,225 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in shares of Amphenol during the second quarter worth about $10,567,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Evercore ISI upped their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Barclays upped their price target on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Citigroup increased their price target on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $131.54.

Amphenol Trading Up 1.3%

NYSE:APH opened at $140.47 on Friday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The stock has a fifty day moving average price of $131.42 and a two-hundred day moving average price of $112.00. The stock 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 issued 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 company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business’s revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s dividend payout ratio is 33.33%.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 365,118 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the sale, the insider owned 433,742 shares of the company’s stock, valued at $58,403,360.30. The trade was a 45.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total value of $11,283,200.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 983,194 shares of company stock worth $136,884,445. 1.67% of the stock is currently owned by company insiders.

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.