Quadrant Capital Group LLC Sells 1,768 Shares of Amphenol Corporation $APH

Quadrant Capital Group LLC reduced its holdings in Amphenol Corporation (NYSE:APH) by 4.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 41,332 shares of the electronics maker’s stock after selling 1,768 shares during the quarter. Quadrant Capital Group LLC’s holdings in Amphenol were worth $4,082,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in APH. Motive Wealth Advisors acquired a new stake in Amphenol during the second quarter worth about $215,000. LeConte Wealth Management LLC acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $399,000. Advyzon Investment Management LLC increased its position in shares of Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after purchasing an additional 3,051 shares during the period. New York Life Investment Management LLC raised its stake in shares of 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 purchasing an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC bought a new position in Amphenol in the second quarter worth $482,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. UBS Group set a $152.00 price target on shares of Amphenol and gave the stock a “buy” 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 raised their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Citigroup boosted their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Barclays raised their target price on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.54.

Amphenol Stock Performance

Shares of Amphenol stock opened at $138.76 on Thursday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $169.85 billion, a PE ratio of 46.25, a PEG ratio of 1.58 and a beta of 1.20. The stock’s fifty day simple moving average is $130.76 and its 200 day simple moving average is $111.42.

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, topping the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. On average, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current 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 dividend of $0.25 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s dividend payout ratio is 33.33%.

Insider Buying and Selling

In other news, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares of the company’s stock, valued at $10,696,764. This represents a 61.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. This represents a 45.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 983,194 shares of company stock valued at $136,884,445. 1.67% of the stock is owned by corporate insiders.

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.