Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Amphenol Corporation $APH

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Amphenol Corporation (NYSE:APH) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 315,540 shares of the electronics maker’s stock after acquiring an additional 51,429 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amphenol were worth $39,048,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in shares of Amphenol by 33.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 139,627 shares of the electronics maker’s stock valued at $17,279,000 after purchasing an additional 35,089 shares during the period. Capital Investment Advisors LLC boosted its stake in Amphenol by 6.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 2,249 shares of the electronics maker’s stock worth $278,000 after buying an additional 129 shares during the last quarter. Steinberganna Wealth Management purchased a new stake in Amphenol in the 3rd quarter valued at about $276,000. Beaumont Financial Advisors LLC lifted its holdings in shares of Amphenol by 37.1% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 9,020 shares of the electronics maker’s stock worth $1,116,000 after acquiring an additional 2,443 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Amphenol by 2.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 731,023 shares of the electronics maker’s stock worth $90,466,000 after acquiring an additional 14,343 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In other Amphenol news, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares in the company, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,063,194 shares of company stock worth $148,244,445 over the last ninety days. Insiders own 1.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APH. UBS Group set a $152.00 price target on shares of Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a research report on Friday. Evercore ISI upped their price target on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Robert W. Baird set a $139.00 target price on Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Citigroup increased their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.23.

Amphenol Stock Performance

Shares of NYSE:APH opened at $140.10 on Friday. The business’s 50-day simple moving average is $137.00 and its 200 day simple moving average is $121.72. Amphenol Corporation has a one year low of $56.45 and a one year high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market cap of $171.49 billion, a P/E ratio of 46.70, a PEG ratio of 0.88 and a beta of 1.21.

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 analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts forecast 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 was paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th were issued a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, December 16th. Amphenol’s dividend payout ratio is currently 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.