Titleist Asset Management LLC Makes New $211,000 Investment in Amphenol Corporation $APH

Titleist Asset Management LLC purchased a new position in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,140 shares of the electronics maker’s stock, valued at approximately $211,000.

Several other hedge funds also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of Amphenol by 196.3% during the first 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 purchasing an additional 11,092,282 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 buying an additional 7,573,750 shares in the last quarter. Nuveen LLC acquired a new position in Amphenol during the 1st quarter worth approximately $476,842,000. Wellington Management Group LLP boosted its holdings in Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $798,163,000 after acquiring an additional 5,154,860 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Amphenol by 1.9% in the first 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 during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 258,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total value of $36,945,600.00. Following the completion of the transaction, the chief financial officer directly owned 167,695 shares of the company’s stock, valued at approximately $24,013,924. This trade represents a 60.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 983,194 shares of company stock worth $136,884,445 in the last three months. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Up 4.9%

APH stock opened at $138.04 on Tuesday. The stock has a market cap of $168.97 billion, a P/E ratio of 46.01, a P/E/G ratio of 1.58 and a beta of 1.20. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $129.98 and its two-hundred day simple moving average is $110.83. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37.

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

Amphenol Increases Dividend

The company also recently declared 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is currently 33.33%.

Analyst Ratings Changes

APH has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and raised their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Evercore ISI lifted their price objective on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Finally, Citigroup lifted their target price on Amphenol from $145.00 to $160.00 and gave the company 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.54.

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.