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A little selling never killed a rally
Amphenol had a busy day in the “people who already own the stock taking some money off the table” department. KBC Group NV cut its stake by 8%, and CEO Richard Adam Norwitt sold 515,281 shares at about $147.27 a pop — roughly $75.9 million worth.
Why investors care
This isn’t a disaster siren. It’s more like a few people walking out of a great restaurant before dessert. The stock still has a lot going for it: Amphenol recently beat Q4 estimates, with EPS of $0.97 on revenue of $6.44 billion, and it’s guiding Q1 2026 EPS to $0.910-$0.930.
But the optics matter
When insiders and institutions trim at the same time, the market starts asking the annoying but important question: is this just portfolio housekeeping, or is the easy upside already in the rearview mirror?
A few other things keep the bull case from falling apart:
- Analysts still have a Moderate Buy on the name
- The average price target sits around $151.60
- Amphenol also paid its quarterly dividend, which adds a little cushion for income hunters
Big picture: Amphenol still looks like a well-run machine, but after a strong run, the selling is enough to make investors check the rearview mirror twice.