Pinnacle Associates Ltd. Raises Stake in Amphenol Corporation $APH

Pinnacle Associates Ltd. raised its holdings in Amphenol Corporation (NYSE:APH) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,985 shares of the electronics maker’s stock after acquiring an additional 582 shares during the period. Pinnacle Associates Ltd.’s holdings in Amphenol were worth $887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Amphenol by 196.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Amphenol by 73.5% in the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after acquiring an additional 5,154,860 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Amphenol by 1.6% in the 1st quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker’s stock valued at $603,362,000 after acquiring an additional 141,069 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Amphenol by 639.0% in the 1st 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. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH opened at $141.70 on Tuesday. The stock’s 50 day simple moving average is $122.90 and its 200 day simple moving average is $104.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $142.50. The firm has a market cap of $173.45 billion, a price-to-earnings ratio of 47.23, a PEG ratio of 1.58 and a beta of 1.17.

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

Amphenol Increases Dividend

The firm also recently disclosed 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 is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is 33.33%.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the sale, the insider directly owned 433,742 shares in the company, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the sale, the vice president owned 12,500 shares in the company, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,351,042 shares of company stock worth $167,557,296. Corporate insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of research reports. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday. UBS Group set a $152.00 price objective on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Barclays initiated coverage on Amphenol in a report on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price objective on the stock. Evercore ISI raised their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Finally, Citigroup raised their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.77.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.