PNC Financial Services Group Inc. Lowers Stock Position in Amphenol Corporation $APH

PNC Financial Services Group Inc. trimmed its position in shares of Amphenol Corporation (NYSE:APH) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,232,425 shares of the electronics maker’s stock after selling 7,881 shares during the period. PNC Financial Services Group Inc.’s holdings in Amphenol were worth $166,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its holdings in shares of Amphenol by 280.1% during the 4th quarter. GSA Capital Partners LLP now owns 12,590 shares of the electronics maker’s stock worth $1,701,000 after purchasing an additional 9,278 shares during the period. Tredje AP fonden lifted its position in Amphenol by 31.5% during the fourth quarter. Tredje AP fonden now owns 251,274 shares of the electronics maker’s stock valued at $33,957,000 after buying an additional 60,152 shares in the last quarter. Larson Financial Group LLC lifted its position in Amphenol by 25.4% during the fourth quarter. Larson Financial Group LLC now owns 9,674 shares of the electronics maker’s stock valued at $1,307,000 after buying an additional 1,962 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in Amphenol during the fourth quarter worth approximately $231,000. Finally, AMF Tjanstepension AB acquired a new stake in shares of Amphenol in the fourth quarter worth $869,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is owned by company insiders.

Amphenol Price Performance

APH opened at $122.96 on Thursday. Amphenol Corporation has a twelve month low of $83.44 and a twelve month high of $167.04. The firm has a market cap of $151.27 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.04 and a beta of 1.29. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $134.76 and a 200 day simple moving average of $138.78.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The firm’s revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Equities research analysts expect that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Amphenol’s dividend payout ratio is currently 28.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on APH shares. Rothschild & Co Redburn lifted their target price on shares of Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Evercore raised their price objective on Amphenol from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research note on Monday, April 20th. UBS Group reaffirmed a “buy” rating and issued a $178.00 target price (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Finally, Piper Sandler set a $165.00 target price on Amphenol in a research note on Tuesday, March 17th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $176.53.

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.