New York State Teachers Retirement System Increases Holdings in Amphenol Corporation $APH

New York State Teachers Retirement System lifted its position in Amphenol Corporation (NYSE:APH) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 930,258 shares of the electronics maker’s stock after buying an additional 33,878 shares during the period. New York State Teachers Retirement System’s holdings in Amphenol were worth $115,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Amphenol in the second quarter valued at about $2,104,244,000. Holocene Advisors LP lifted its stake in shares of Amphenol by 201.2% in the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock worth $381,909,000 after purchasing an additional 2,583,628 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Amphenol in the second quarter worth approximately $225,757,000. Geode Capital Management LLC boosted its holdings in shares of Amphenol by 8.4% in 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 buying an additional 2,217,079 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its position in Amphenol by 8,384.3% during the second quarter. 1832 Asset Management L.P. now owns 1,802,819 shares of the electronics maker’s stock valued at $178,028,000 after buying an additional 1,781,570 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $140.10 on Friday. The business’s 50-day simple moving average is $137.00 and its two-hundred day simple moving average is $121.90. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37. The stock has a market cap of $171.49 billion, a PE ratio of 46.70, a P/E/G ratio of 0.91 and a beta of 1.21. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

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

Amphenol Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

Several research analysts have recently weighed in on APH shares. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a report on Friday. JPMorgan Chase & Co. boosted their price target on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, Citigroup lifted their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.23.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the completion of the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction 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. The trade was a 90.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is owned by corporate insiders.

About Amphenol

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.