Savvy Advisors Inc. bought a new stake in Amphenol Corporation (NYSE:APH – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 8,601 shares of the electronics maker’s stock, valued at approximately $849,000.
A number of other institutional investors have also recently bought and sold shares of the business. Hughes Financial Services LLC acquired a new stake in shares of Amphenol in the first quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in Amphenol in the 2nd quarter valued at $25,000. Avalon Trust Co raised its stake in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Amphenol during the 1st quarter valued at $28,000. Finally, Saudi Central Bank bought a new position in Amphenol during the first quarter worth $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Insiders Place Their Bets
In other Amphenol news, VP David M. Silverman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,380,250. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Doherty sold 113,000 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $108.89, for a total value of $12,304,570.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,231,042 shares of company stock valued at $150,616,896 over the last three months. 1.67% of the stock is owned by corporate insiders.
Amphenol Stock Down 0.4%
Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. Amphenol’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Sell-side analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio (DPR) is 33.33%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and raised their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Wall Street Zen upgraded Amphenol from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Barclays started coverage on Amphenol in a research report on Wednesday, October 8th. They issued an “equal weight” rating and a $120.00 target price on the stock. Robert W. Baird set a $139.00 price target on Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Citigroup upped their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. 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, the stock has an average rating of “Moderate Buy” and an average price target of $129.77.
Read Our Latest Analysis on APH
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.
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