VCI Wealth Management LLC Sells 6,999 Shares of Amphenol Corporation $APH

VCI Wealth Management LLC lessened its holdings in Amphenol Corporation (NYSE:APH) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,947 shares of the electronics maker’s stock after selling 6,999 shares during the quarter. VCI Wealth Management LLC’s holdings in Amphenol were worth $1,973,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Grant Private Wealth Management Inc acquired a new position in shares of Amphenol during the 3rd quarter worth approximately $515,000. Motive Wealth Advisors bought a new position in shares of Amphenol in the second quarter valued at $215,000. LeConte Wealth Management LLC acquired a new position in Amphenol during the second quarter worth $399,000. Advyzon Investment Management LLC raised its position in Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after acquiring an additional 3,051 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Amphenol by 1.6% in the second quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock valued at $16,242,000 after acquiring an additional 2,535 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president owned 76,400 shares in the company, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of NYSE APH opened at $138.45 on Friday. The firm has a market cap of $169.46 billion, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The business’s 50 day moving average is $136.01 and its 200-day moving average is $118.32. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Equities research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The firm 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. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Citigroup boosted their target price on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Truist Financial raised their price target on Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a report on Friday, December 19th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $134.08.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.