Mattern Capital Management LLC Boosts Stock Position in Amphenol Corporation $APH

Mattern Capital Management LLC raised its position in Amphenol Corporation (NYSE:APH) by 15.4% during the third quarter, Holdings Channel.com reports. The firm owned 80,906 shares of the electronics maker’s stock after buying an additional 10,827 shares during the period. Amphenol accounts for about 1.2% of Mattern Capital Management LLC’s holdings, making the stock its 26th largest holding. Mattern Capital Management LLC’s holdings in Amphenol were worth $10,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grant Private Wealth Management Inc acquired a new position in Amphenol in the third quarter valued at $515,000. Motive Wealth Advisors purchased a new stake in Amphenol in the 2nd quarter valued at about $215,000. LeConte Wealth Management LLC acquired a new position in shares of Amphenol during the 2nd quarter valued at about $399,000. IFP Advisors Inc lifted its holdings in shares of Amphenol by 43.1% during the 2nd quarter. IFP Advisors Inc now owns 24,397 shares of the electronics maker’s stock worth $2,417,000 after acquiring an additional 7,347 shares during the period. Finally, Advyzon Investment Management LLC boosted its position in shares of Amphenol by 101.6% in the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after acquiring an additional 3,051 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction on 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 sale, the chief financial officer directly owned 167,695 shares in the company, valued at $24,013,924. This trade represents a 60.61% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,063,194 shares of company stock valued at $148,244,445. Corporate insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Barclays upped their price objective on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Robert W. Baird set a $139.00 target price on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and upped their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Evercore ISI lifted their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.08.

Amphenol Trading Down 0.8%

Shares of APH opened at $135.16 on Friday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The stock’s 50-day moving average is $136.78 and its two-hundred day moving average is $119.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The stock has a market cap of $165.44 billion, a PE ratio of 45.05, a P/E/G ratio of 1.06 and a beta of 1.21.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. 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 analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

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

Amphenol 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.