Amphenol (NYSE:APH) Stock Price Down 1.4% – Here’s Why

Amphenol Corporation (NYSE:APH) shares were down 1.4% during trading on Thursday. The stock traded as low as $78.37 and last traded at $81.5110. Approximately 15,618,235 shares were traded during trading, a decline of 10% from the average session volume of 17,279,447 shares. The stock had previously closed at $82.69.

Analysts Set New Price Targets

Several research firms recently weighed in on APH. Zacks Research cut shares of Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial upped their price objective on Amphenol from $100.00 to $107.50 and gave the company a “buy” rating in a report on Thursday, July 30th. Sanford C. Bernstein started coverage on shares of Amphenol in a report on Wednesday, September 23rd. They set an “outperform” rating and a $99.00 target price on the stock. BNP Paribas Exane boosted their price target on Amphenol from $107.50 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, September 22nd. Finally, TD Cowen reduced their price objective on Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $98.56.

Amphenol Stock Down 2.7%

The stock’s fifty day simple moving average is $82.25 and its 200-day simple moving average is $77.00. The stock has a market capitalization of $195.62 billion, a PE ratio of 39.76, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 1.10.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 29th. The electronics maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.26 billion. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The company’s revenue for the quarter was up 55.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, sell-side analysts forecast that Amphenol Corporation will post 2.67 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 22nd. Amphenol’s dividend payout ratio is 25.00%.

Insider Activity

In related news, EVP David Silverman sold 240,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $87.12, for a total value of $20,908,800.00. Following the sale, the executive vice president directly owned 31,344 shares of the company’s stock, valued at $2,730,689.28. This trade represents a 88.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Norwitt sold 1,000,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $80.78, for a total value of $80,785,000.00. Following the transaction, the chief executive officer directly owned 3,855,014 shares in the company, valued at $311,427,305.99. This trade represents a 20.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,098,608 shares of company stock worth $172,316,688 over the last ninety days. 1.42% of the stock is owned by insiders.

Institutional Trading of Amphenol

A number of large investors have recently made changes to their positions in APH. Burns Matteson Capital Management LLC raised its position in shares of Amphenol by 41.2% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 11,047 shares of the electronics maker’s stock valued at $931,000 after purchasing an additional 3,224 shares during the period. Center For Asset Management LLC purchased a new stake in Amphenol during the third quarter valued at $831,000. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Amphenol by 255.6% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 14,978 shares of the electronics maker’s stock valued at $1,322,000 after acquiring an additional 10,766 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in Amphenol by 119.7% during the third quarter. Frank Rimerman Advisors LLC now owns 62,066 shares of the electronics maker’s stock worth $5,360,000 after buying an additional 33,821 shares during the period. Finally, Birch Hill Investment Advisors LLC grew its stake in shares of Amphenol by 93.0% during the third quarter. Birch Hill Investment Advisors LLC now owns 1,389,284 shares of the electronics maker’s stock valued at $117,117,000 after buying an additional 669,376 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

About Amphenol

Amphenol Corporation (NYSE: APH) designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, sensors and antenna solutions. Its products enable the transmission of power, signals and data in applications that include high-speed communications, industrial equipment, transportation systems and electronic devices.

The company serves a broad range of end markets, including aerospace and defense, automotive, information technology and data communications, mobile networks, industrial automation, medical equipment and commercial electronics.