Amphenol (NYSE:APH) CEO Richard Adam Norwitt Sells 799,576 Shares of Stock

Amphenol Corporation (NYSE:APH) CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amphenol Trading Up 5.3%

NYSE:APH opened at $84.11 on Wednesday. The stock has a fifty day moving average price of $81.60 and a two-hundred day moving average price of $75.56. The stock has a market capitalization of $207.69 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 0.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue was up 65.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.84 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 22nd. Amphenol’s dividend payout ratio (DPR) is 21.74%.

Amphenol announced that its board has approved a share repurchase program on Wednesday, October 28th that authorizes the company to buy back $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2% of its shares through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Amphenol’s Q3 results and outlook were supported by AI infrastructure demand and acquisitions. The company reported revenue growth of 65.1% year over year and earnings above analysts’ expectations. Article: APH Q3 deep dive
• Positive Sentiment: The company announced a $4 billion buyback plan, which could support shareholder returns and signal confidence in its business outlook. Article: Tech stocks boosting buyback capacity
• Positive Sentiment: Barclays raised its price target to $111 from $100 and reiterated an “overweight” rating, reflecting a more bullish view of Amphenol’s prospects. Article: Barclays price-target increase
• Neutral Sentiment: A report discusses whether a new partnership could strengthen Amphenol’s position in AI infrastructure, but the provided article details do not specify the partnership’s terms or likely financial impact. Article: Amphenol and AI infrastructure partnership
• Negative Sentiment: CEO Richard Norwitt sold 799,576 shares for about $65.9 million, reducing his direct ownership by 17.18%. He still directly owned approximately 3.86 million shares after the transaction. SEC filing: CEO stock sale
• Negative Sentiment: Rothschild & Co Redburn cut its price target on Amphenol, a less favorable analyst signal. The supplied report does not state the revised target. Article: Rothschild & Co Redburn price-target cut
• Negative Sentiment: Amphenol was among AI-related stocks declining amid a broader AI sell-off, despite strong orders, revenue growth and raised guidance across the group. Sector sentiment could weigh on the stock even as data-center demand remains a fundamental support. Article: AI stocks and data-center spending

Hedge Funds Weigh In On Amphenol

Several hedge funds have recently added to or reduced their stakes in the business. Vaquero Private Wealth Ltd. bought a new stake in shares of Amphenol during the 2nd quarter valued at about $32,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 91 shares during the period. Tompkins Financial Corp lifted its holdings in Amphenol by 81.9% in the second quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 95 shares during the last quarter. Wilkerson Advisory Group LLC lifted its holdings in Amphenol by 57.4% in the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 85 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in Amphenol by 53.9% in the first quarter. Valued Wealth Advisors LLC now owns 234 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 82 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on APH. Barclays increased their target price on shares of Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Monday. Evercore set a $100.00 price target on Amphenol in a research note on Wednesday, October 28th. Weiss Ratings cut Amphenol from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Robert W. Baird dropped their price objective on Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Buy” and a consensus target price of $108.32.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.