Amphenol Corporation $APH Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its position in Amphenol Corporation (NYSE:APH) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 114,712 shares of the electronics maker’s stock after selling 16,975 shares during the period. Texas Permanent School Fund Corp’s holdings in Amphenol were worth $11,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APH. Brighton Jones LLC increased its position in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after buying an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 4,721 shares during the period. Bison Wealth LLC grew its stake in shares of Amphenol by 8.3% in the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock valued at $559,000 after buying an additional 618 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of Amphenol by 187.6% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 18,686 shares of the electronics maker’s stock worth $1,226,000 after purchasing an additional 12,189 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Amphenol by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,697,489 shares of the electronics maker’s stock worth $242,509,000 after acquiring an additional 72,280 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $129.15 on Monday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company’s fifty day moving average price is $134.44 and its two-hundred day moving average price is $116.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The firm has a market capitalization of $158.09 billion, a P/E ratio of 43.05, a P/E/G ratio of 1.02 and a beta of 1.19.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 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 analyst estimates of $5.54 billion. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue was up 53.4% on a year-over-year basis. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. On average, research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. 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 dividend payout ratio is 22.00%.

Wall Street Analyst Weigh In

APH has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Barclays raised their price objective on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Robert W. Baird set a $139.00 target price on Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the sale, the chief financial officer owned 39,884 shares in the company, valued at $5,723,354. The trade was a 50.12% decrease in their ownership of the stock. The transaction 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 dated 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 sale, the vice president owned 76,400 shares of the company’s stock, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,063,194 shares of company stock valued at $148,244,445 over the last three months. 1.67% of the stock is owned by company insiders.

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.