State of Michigan Retirement System Cuts Position in Amphenol Corporation $APH

State of Michigan Retirement System reduced its holdings in shares of Amphenol Corporation (NYSE:APH) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,674 shares of the electronics maker’s stock after selling 17,300 shares during the quarter. State of Michigan Retirement System’s holdings in Amphenol were worth $46,708,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Amphenol by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,896,337 shares of the electronics maker’s stock valued at $365,954,000 after purchasing an additional 145,847 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Amphenol by 31.5% in the first quarter. Chicago Partners Investment Group LLC now owns 13,798 shares of the electronics maker’s stock worth $1,743,000 after buying an additional 3,302 shares during the period. Arbejdsmarkedets Tillaegspension grew its stake in shares of Amphenol by 17.8% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 198,004 shares of the electronics maker’s stock valued at $25,018,000 after buying an additional 29,911 shares in the last quarter. AMF Tjanstepension AB grew its stake in shares of Amphenol by 372.0% in the first quarter. AMF Tjanstepension AB now owns 30,362 shares of the electronics maker’s stock valued at $3,836,000 after buying an additional 23,929 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Amphenol by 85.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 175,711 shares of the electronics maker’s stock valued at $22,201,000 after buying an additional 81,100 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction dated 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 sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APH. Seaport Research Partners restated a “buy” rating and issued a $215.00 price target on shares of Amphenol in a report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Monday, April 20th. BNP Paribas Exane upped their target price on shares of Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Barclays reaffirmed an “overweight” rating and set a $200.00 price target (up from $198.00) on shares of Amphenol in a report on Monday. Finally, Citigroup reaffirmed a “buy” rating and set a $195.00 price target (up from $180.00) on shares of Amphenol in a research note on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

Amphenol Stock Performance

Shares of APH opened at $156.06 on Tuesday. The business’s 50 day moving average is $148.18 and its two-hundred day moving average is $143.57. Amphenol Corporation has a 52-week low of $95.19 and a 52-week high of $178.52. The firm has a market cap of $191.99 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 1.39 and a beta of 1.24. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18.

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

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is currently 28.74%.

Amphenol Company Profile

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.