Trust Point Inc. Buys Shares of 10,556 Amphenol Corporation $APH

Trust Point Inc. purchased a new position in shares of Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,556 shares of the electronics maker’s stock, valued at approximately $1,306,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Grant Private Wealth Management Inc bought a new stake in Amphenol during the 3rd quarter valued at $515,000. Motive Wealth Advisors bought a new position in shares of Amphenol in the second quarter worth $215,000. LeConte Wealth Management LLC purchased a new position in shares of Amphenol in the second quarter valued at $399,000. Advyzon Investment Management LLC raised its stake in shares of Amphenol by 101.6% during the 2nd quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after purchasing an additional 3,051 shares during the period. Finally, New York Life Investment Management LLC lifted its holdings in Amphenol by 1.6% during the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after purchasing an additional 2,535 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $135.54 on Friday. The company has a market capitalization of $165.91 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 1.06 and a beta of 1.19. The business has a 50 day moving average of $135.03 and a 200 day moving average of $117.25. 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 $144.37.

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

Amphenol Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s payout ratio is presently 33.33%.

Insider Buying and Selling at Amphenol

In related news, insider Luc Walter sold 365,118 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the completion of the sale, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. This represents a 45.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the vice president directly owned 12,500 shares in the company, valued at $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APH. Citigroup upped their price target on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Barclays lifted their price target on Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Finally, Truist Financial upped their price objective on shares of Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.08.

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.