Fred Alger Management LLC Has $22.55 Million Stock Position in Amphenol Corporation $APH

Fred Alger Management LLC lifted its position in Amphenol Corporation (NYSE:APHFree Report) by 22.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 166,549 shares of the electronics maker’s stock after purchasing an additional 29,980 shares during the period. Fred Alger Management LLC’s holdings in Amphenol were worth $22,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Riggs Asset Managment Co. Inc. lifted its stake 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 worth $25,000 after buying an additional 168 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Amphenol during the 4th quarter valued at $26,000. Board of the Pension Protection Fund acquired a new position in Amphenol during the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new position in Amphenol during the 4th quarter valued at $29,000. Finally, Tacita Capital Inc raised its stake in Amphenol by 145.6% during the 4th quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $277,368,257.30. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 130,775 shares of company stock valued at $18,709,350. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays reiterated an “overweight” rating and set a $198.00 target price on shares of Amphenol in a research note on Monday, June 8th. UBS Group reiterated a “buy” rating and set a $178.00 target price (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. The Goldman Sachs Group upped their target price on shares of Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Piper Sandler set a $165.00 target price on shares of Amphenol in a research note on Tuesday, March 17th. Finally, Zacks Research cut shares of Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.07.

Check Out Our Latest Stock Analysis on APH

Amphenol Trading Up 0.2%

Shares of APH stock opened at $158.86 on Wednesday. Amphenol Corporation has a 52-week low of $92.22 and a 52-week high of $167.04. The stock has a market cap of $195.43 billion, a price-to-earnings ratio of 45.65, a P/E/G ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The firm has a fifty day moving average of $140.93 and a 200-day moving average of $139.87.

Amphenol (NYSE:APHGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The business’s revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. On average, equities research analysts forecast that Amphenol Corporation will post 4.76 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s dividend payout ratio is currently 28.74%.

Amphenol Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APHFree Report).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.