Cidel Asset Management Inc. Reduces Stock Position in Amphenol Corporation $APH

Cidel Asset Management Inc. trimmed its holdings in shares of Amphenol Corporation (NYSE:APH) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,965 shares of the electronics maker’s stock after selling 754 shares during the period. Cidel Asset Management Inc.’s holdings in Amphenol were worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after purchasing an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Amphenol by 639.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock worth $574,500,000 after buying an additional 7,573,750 shares during the last quarter. Nuveen LLC acquired a new position in shares of Amphenol in the 1st quarter valued at $476,842,000. Wellington Management Group LLP grew its position in shares of Amphenol by 73.5% in the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, CFO Craig A. Lampo sold 199,848 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.43, for a total value of $22,069,214.64. Following the completion of the sale, the chief financial officer owned 125,695 shares in the company, valued at $13,880,498.85. This trade represents a 61.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $108.89, for a total value of $12,304,570.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 665,924 shares of company stock valued at $73,369,357. 1.67% of the stock is owned by insiders.

Amphenol Stock Down 1.3%

Amphenol stock opened at $125.73 on Friday. The stock has a 50 day moving average of $117.40 and a two-hundred day moving average of $98.31. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $128.12. The stock has a market capitalization of $153.51 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 1.64 and a beta of 1.17. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Amphenol’s payout ratio is presently 26.29%.

Wall Street Analysts Forecast Growth

APH has been the topic of several research reports. UBS Group set a $120.00 price objective on Amphenol in a report on Tuesday, October 7th. Citigroup reissued a “buy” rating and issued a $145.00 target price (up from $125.00) on shares of Amphenol in a research report on Wednesday, September 24th. Truist Financial lifted their price target on Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Robert W. Baird set a $139.00 price objective on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Evercore ISI lifted their target price on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Amphenol Company 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.