Amphenol (NYSE:APH) Shares Gap Up on Earnings Beat

Shares of Amphenol Corporation (NYSE:APH) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $78.21, but opened at $82.88. Amphenol shares last traded at $81.6720, with a volume of 8,745,480 shares traded.

The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 39.87% and a net margin of 17.73%. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 65.1% on a year-over-year basis.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 22nd. Amphenol’s payout ratio is presently 25.00%.

Key Headlines Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Q3 results exceeded expectations: Amphenol reported adjusted earnings of $0.80 per share, ahead of the $0.73 consensus estimate, while revenue reached $10.23 billion versus expectations of $9.49 billion. Revenue increased 65.1% year over year. Amphenol Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Strong demand and guidance: Reports highlighted accelerating sales tied to AI and data-center infrastructure. Amphenol’s fourth-quarter and full-year 2026 outlook reportedly topped consensus expectations, reinforcing the view that growth momentum may continue. Amphenol Jumps on Q3 Revenue Surge
• Positive Sentiment: Capital-return plans support the stock: The board authorized a new $4 billion share-repurchase program and approved an increased quarterly dividend, payable January 13, 2027. Buybacks could support per-share results and signal management confidence. Amphenol Board Approves $4 Billion Repurchase Plan
• Positive Sentiment: Expansion continues: Amphenol agreed to acquire AdvancedPCB Holdings, subject to regulatory approval and customary closing conditions. The deal could broaden its printed-circuit-board capabilities and complement its connectivity portfolio. Industrial Growth Partners Announces Sale of AdvancedPCB Sale
• Neutral Sentiment: Investors continue to weigh Amphenol’s strong AI exposure and acquisition synergies against its premium valuation and potential weakness in portions of its networking business. These factors could increase volatility following the earnings-driven move.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APH shares. Royal Bank Of Canada set a $100.00 target price on shares of Amphenol in a research report on Monday. Weiss Ratings downgraded shares of Amphenol from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday. Sanford C. Bernstein assumed coverage on shares of Amphenol in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. TD Cowen lowered their price objective on shares of Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. Finally, Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.19.

Insiders Place Their Bets

In other news, CEO Richard Norwitt sold 1,000,000 shares of the 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 completion of the sale, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at $311,427,305.99. This represents a 20.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 386,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $83.66, for a total transaction of $32,324,292.00. Following the sale, the chief financial officer owned 181,330 shares of the company’s stock, valued at approximately $15,169,161.15. This represents a 68.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,098,608 shares of company stock worth $172,316,688. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in APH. State Street Corp lifted its position in Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after buying an additional 13,884,641 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Amphenol by 10.5% during the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock valued at $2,923,371,000 after acquiring an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP grew its holdings in shares of Amphenol by 3,010.0% during the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock valued at $2,898,248,000 after acquiring an additional 15,908,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Amphenol by 4.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker’s stock worth $1,710,939,000 after acquiring an additional 416,388 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new position in shares of Amphenol in the second quarter worth $1,600,531,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 4.4%

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.41. The company has a fifty day moving average of $81.28 and a 200-day moving average of $75.32. The firm has a market capitalization of $201.30 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23.

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.