Thurston Springer Miller Herd & Titak Inc. Has $300,000 Stock Holdings in Amphenol Corporation $APH

Thurston Springer Miller Herd & Titak Inc. lowered its position in shares of Amphenol Corporation (NYSE:APH) by 91.3% in the third quarter, Holdings Channel reports. The institutional investor owned 2,422 shares of the electronics maker’s stock after selling 25,289 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Amphenol were worth $300,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APH. Opal Wealth Advisors LLC bought a new stake in Amphenol in the 2nd quarter valued at about $25,000. Riggs Asset Managment Co. Inc. raised its position in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Amphenol in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. bought a new stake in shares of Amphenol in the second quarter valued at approximately $31,000. Finally, Hilltop National Bank acquired a new stake in Amphenol during the second quarter worth approximately $35,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $129.19 on Wednesday. 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 $158.14 billion, a PE ratio of 43.06, a P/E/G ratio of 1.02 and a beta of 1.19. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. The business’s 50-day moving average price is $134.67 and its two-hundred day moving average price is $116.60.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The firm 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%. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is currently 22.00%.

Analysts Set New Price Targets

APH has been the subject of several analyst reports. Barclays lifted their price objective on Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Finally, Evercore ISI upped their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 365,118 shares of the business’s stock in a transaction on Friday, October 24th. The shares were 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 approximately $58,403,360.30. The trade was a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total transaction of $11,360,000.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. Corporate insiders own 1.67% of the company’s stock.

Amphenol 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.