Trust Point Inc. Takes $1.31 Million Position in Amphenol Corporation $APH

Trust Point Inc. bought a new position in shares of Amphenol Corporation (NYSE:APH) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,556 shares of the electronics maker’s stock, valued at approximately $1,306,000.

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Amphenol by 8.4% in the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after buying an additional 2,217,079 shares during the period. Norges Bank bought a new position in shares of Amphenol during the second quarter valued at approximately $2,104,244,000. Franklin Resources Inc. lifted its stake in Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after acquiring an additional 1,486,105 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after acquiring an additional 7,573,750 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Amphenol by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 8,739,553 shares of the electronics maker’s stock valued at $573,227,000 after purchasing an additional 92,450 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on APH shares. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Evercore ISI raised their price objective on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. UBS Group set a $152.00 target price on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Barclays lifted their price target on Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.08.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the sale, the vice president owned 12,500 shares in the company, valued at approximately $1,764,625. The trade was a 90.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,063,194 shares of company stock worth $148,244,445 over the last quarter. 1.67% of the stock is owned by insiders.

Amphenol Stock Performance

Shares of APH opened at $135.54 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $165.91 billion, a P/E ratio of 45.18, a P/E/G ratio of 1.06 and a beta of 1.19. The business’s 50 day moving average price is $135.03 and its 200-day moving average price is $117.25. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37.

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

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 33.33%.

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.