National Bank of Canada FI Cuts Holdings in Amphenol Corporation $APH

National Bank of Canada FI reduced its position in shares of Amphenol Corporation (NYSE:APH) by 42.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,054,537 shares of the electronics maker’s stock after selling 791,318 shares during the period. National Bank of Canada FI’s holdings in Amphenol were worth $104,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of APH. Opal Wealth Advisors LLC purchased a new position in Amphenol during the second quarter worth approximately $25,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Amphenol by 200.0% during the 2nd 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 period. Howard Hughes Medical Institute purchased a new position in shares of Amphenol during the 2nd quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in Amphenol in the 1st quarter valued at $31,000. Finally, Ransom Advisory Ltd purchased a new stake in Amphenol in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $129.15 on Monday. 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 company has a market capitalization of $158.09 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. The firm’s 50-day moving average is $134.44 and its two-hundred day moving average is $116.04. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37.

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 analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. 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. Stockholders of record on Tuesday, December 16th will be paid a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol’s dividend payout ratio is currently 22.00%.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 258,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total value of $36,945,600.00. Following the transaction, the chief financial officer owned 167,695 shares of the company’s stock, valued at $24,013,924. This represents a 60.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,063,194 shares of company stock worth $148,244,445. Insiders own 1.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on APH shares. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 target price on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Finally, Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Ten investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.54.

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.