Legacy Wealth Asset Management LLC Takes $1.30 Million Position in Amphenol Corporation $APH

Legacy Wealth Asset Management LLC acquired a new stake in Amphenol Corporation (NYSE:APH) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 10,461 shares of the electronics maker’s stock, valued at approximately $1,295,000.

Other hedge funds have also recently bought and sold shares of the company. Grant Private Wealth Management Inc acquired a new stake in shares of Amphenol in the third quarter worth $515,000. Motive Wealth Advisors bought a new position in Amphenol in the 2nd quarter worth $215,000. LeConte Wealth Management LLC acquired a new position in Amphenol during the 2nd quarter worth $399,000. Advyzon Investment Management LLC boosted its holdings in Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after acquiring an additional 3,051 shares during the period. Finally, New York Life Investment Management LLC grew its position in shares of Amphenol by 1.6% in the second quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock valued at $16,242,000 after purchasing an additional 2,535 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH opened at $135.54 on Monday. The stock’s 50 day simple moving average is $135.03 and its 200-day simple moving average is $117.43. 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 has a market cap of $165.91 billion, a PE ratio of 45.18, a P/E/G ratio of 1.06 and a beta of 1.19. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37.

Amphenol (NYSE:APH) last issued its 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. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the business earned $0.50 earnings per share. Amphenol’s quarterly revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Sell-side analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

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

Insider Activity

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, October 15th. Wall Street Zen downgraded 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 objective on Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Finally, Truist Financial upped their target price on shares of Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.08.

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.