Amphenol Corporation $APH Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Amphenol Corporation (NYSE:APH) by 19.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 315,540 shares of the electronics maker’s stock after purchasing an additional 51,429 shares during the period. 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.

A number of other institutional investors have also modified their holdings of APH. Geode Capital Management LLC raised its stake in Amphenol by 8.4% during the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after acquiring an additional 2,217,079 shares during the period. Norges Bank bought a new position in shares of Amphenol during the second quarter valued at approximately $2,104,244,000. Franklin Resources Inc. raised its position in shares of Amphenol by 13.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after purchasing an additional 1,486,105 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amphenol by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock worth $699,998,000 after purchasing an additional 133,966 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Amphenol by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock valued at $581,021,000 after purchasing an additional 210,551 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 2.8%

Amphenol stock opened at $140.10 on Friday. The company’s 50-day moving average price is $137.00 and its two-hundred day moving average price is $121.72. The stock has a market cap of $171.49 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 0.88 and a beta of 1.21. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue was up 53.4% on a year-over-year basis. 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, analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.25 per share. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a research report on Friday. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Citigroup lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI upped their target price on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. 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, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $140.23.

Insider Buying and Selling

In other news, VP Lance E. D’amico sold 120,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares in the company, valued at $10,696,764. This represents a 61.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $134.65, for a total value of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This represents a 45.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by corporate insiders.

Amphenol 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.