Lazard Asset Management LLC Cuts Position in Amphenol Corporation $APH

Lazard Asset Management LLC trimmed its position in shares of Amphenol Corporation (NYSE:APH) by 15.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,178,900 shares of the electronics maker’s stock after selling 574,093 shares during the period. Lazard Asset Management LLC’s holdings in Amphenol were worth $401,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Generali Asset Management SPA SGR lifted its position in Amphenol by 20.2% in the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock worth $11,767,000 after buying an additional 14,612 shares during the last quarter. Praxis Investment Management Inc. raised its stake in shares of Amphenol by 86.3% in the fourth quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock valued at $3,647,000 after acquiring an additional 12,502 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Amphenol by 2.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock worth $371,704,000 after acquiring an additional 70,938 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Amphenol by 110.5% during the 4th quarter. Global Retirement Partners LLC now owns 18,689 shares of the electronics maker’s stock worth $2,526,000 after purchasing an additional 9,812 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Amphenol in the 4th quarter worth about $4,004,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APH. Truist Financial upped their target price on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Citigroup restated a “buy” rating and set a $195.00 price objective (up from $180.00) on shares of Amphenol in a report on Monday, July 13th. Robert W. Baird set a $177.00 target price on Amphenol in a research report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Amphenol has a consensus rating of “Buy” and an average target price of $186.00.

Amphenol Trading Down 0.1%

NYSE:APH opened at $152.59 on Monday. The stock has a market capitalization of $187.72 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 1.31 and a beta of 1.24. Amphenol Corporation has a 52 week low of $102.76 and a 52 week high of $178.52. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $152.74 and a 200 day moving average of $144.69.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter last year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, sell-side analysts anticipate that Amphenol Corporation will post 4.87 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s payout ratio is presently 28.74%.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction that occurred 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 directly owned 1,927,507 shares of the company’s stock, valued at $277,368,257.30. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 130,775 shares of company stock worth $18,709,350 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

About Amphenol

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.