Journey Strategic Wealth LLC Buys Shares of 2,457 Amphenol Corporation $APH

Journey Strategic Wealth LLC purchased a new position in Amphenol Corporation (NYSE:APH) during the second quarter, HoldingsChannel reports. The firm purchased 2,457 shares of the electronics maker’s stock, valued at approximately $243,000.

A number of other hedge funds also recently bought and sold shares of the company. Motive Wealth Advisors purchased a new stake in shares of Amphenol in the 2nd quarter worth $215,000. LeConte Wealth Management LLC bought a new stake in Amphenol during the second quarter valued at about $399,000. Advyzon Investment Management LLC grew its holdings in Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after purchasing an additional 3,051 shares during the period. New York Life Investment Management LLC increased its position in Amphenol by 1.6% in the second quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after buying an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC purchased a new position in shares of Amphenol during the 2nd quarter valued at about $482,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. Barclays increased their price objective on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI raised their price target on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.54.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction on Friday, October 24th. The shares were sold at an average price of $134.65, for a total value of $49,163,138.70. Following the completion of the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This trade represents a 45.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 258,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the sale, the chief financial officer owned 167,695 shares in the company, valued at approximately $24,013,924. This trade represents a 60.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 983,194 shares of company stock valued at $136,884,445 over the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $138.04 on Tuesday. The business’s 50-day moving average is $129.98 and its 200 day moving average is $110.83. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company has a market capitalization of $168.97 billion, a P/E ratio of 46.01, a P/E/G ratio of 1.58 and a beta of 1.20. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. On average, equities research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s payout ratio is currently 33.33%.

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.