EverSource Wealth Advisors LLC increased its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 32.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,144 shares of the electronics maker’s stock after acquiring an additional 3,476 shares during the period. EverSource Wealth Advisors LLC’s holdings in Amphenol were worth $1,787,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. J. Stern & Co. LLP lifted its holdings in shares of Amphenol by 9,435.8% in the fourth quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker’s stock valued at $10,374,670,000 after purchasing an additional 75,964,718 shares in the last quarter. Norges Bank bought a new position in shares of Amphenol during the fourth quarter worth about $3,052,145,000. JPMorgan Chase & Co. raised its position in Amphenol by 102.7% in the 4th quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker’s stock valued at $4,638,701,000 after buying an additional 17,387,536 shares during the last quarter. Jennison Associates LLC raised its position in Amphenol by 340.8% in the 4th quarter. Jennison Associates LLC now owns 10,257,379 shares of the electronics maker’s stock valued at $1,386,182,000 after buying an additional 7,930,532 shares during the last quarter. Finally, Capital International Investors lifted its stake in Amphenol by 31.5% in the 4th quarter. Capital International Investors now owns 23,680,749 shares of the electronics maker’s stock valued at $3,200,276,000 after acquiring an additional 5,674,225 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Stock Up 6.7%
APH stock opened at $160.33 on Friday. The company has a market cap of $197.24 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 1.26 and a beta of 1.24. Amphenol Corporation has a twelve month low of $102.76 and a twelve month high of $178.52. The business has a 50 day moving average price of $155.05 and a two-hundred day moving average price of $145.03. The company has a quick ratio of 1.26, a current ratio of 1.89 and a debt-to-equity ratio of 1.10.
Amphenol Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were given 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 was Tuesday, June 23rd. Amphenol’s dividend payout ratio is 25.06%.
Trending Headlines about Amphenol
Here are the key news stories impacting Amphenol this week:
- Positive Sentiment: Q2 results exceeded estimates: Amphenol reported adjusted EPS of $1.35, versus the $1.19 consensus estimate, while revenue reached $8.76 billion compared with expectations of $8.26 billion. Revenue increased 55% year over year, helped by strong IT datacom demand, broad organic growth and acquisitions. Amphenol earnings report
- Positive Sentiment: AI-related demand is supporting growth: Management highlighted record orders and accelerating demand for connectivity products used in artificial-intelligence infrastructure, contributing to a record quarter. AI connectivity growth article
- Positive Sentiment: Q3 outlook beat expectations: Amphenol forecast EPS of $1.40–$1.42 and revenue of $9.3–$9.4 billion, ahead of analyst estimates of $1.26 EPS and $8.6 billion in revenue. Amphenol Q2 results and outlook
- Positive Sentiment: Analyst sentiment improved: BNP Paribas Exane raised its price target to $215 from $200 and maintained an “outperform” rating. Citigroup raised its target to $210 from $195 with a “buy” rating, while Truist increased its target to $215 from $200 and also reiterated “buy.”
- Neutral Sentiment: Despite strong momentum, APH trades at a relatively elevated valuation, with a reported price-to-earnings ratio above 46, leaving the stock sensitive to any slowdown in AI infrastructure spending or disappointment in future guidance.
- Negative Sentiment: Broader market pressure from a sharp oil-price increase, geopolitical tensions and concerns ahead of the Federal Reserve’s decision created a less supportive backdrop for technology and growth stocks, although company-specific earnings strength outweighed those concerns.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $200.00 price target (up from $198.00) on shares of Amphenol in a research note on Monday, July 13th. Bank of America boosted their price objective on shares of Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group increased their target price on shares of Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 target price on shares of Amphenol in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Amphenol presently has an average rating of “Buy” and an average target price of $191.67.
Get Our Latest Stock Analysis on Amphenol
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.42% of the stock is currently owned by corporate insiders.
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.
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