Taylor Frigon Capital Management LLC Has $2.23 Million Stock Holdings in Amphenol Corporation $APH

Taylor Frigon Capital Management LLC trimmed its position in Amphenol Corporation (NYSE:APH) by 31.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,024 shares of the electronics maker’s stock after selling 8,084 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Amphenol were worth $2,230,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 2,217,079 shares during the last quarter. Norges Bank bought a new stake in shares of Amphenol during the 2nd quarter valued at $2,104,244,000. Franklin Resources Inc. lifted its stake in shares of Amphenol by 13.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after purchasing an additional 1,486,105 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after purchasing an additional 7,573,750 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Amphenol by 40.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,732,690 shares of the electronics maker’s stock worth $507,187,000 after purchasing an additional 2,211,338 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APH. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Evercore ISI increased their price target on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Citigroup boosted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a research report on Friday, October 10th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.08.

Amphenol Stock Performance

Shares of APH opened at $139.63 on Friday. The firm has a market cap of $170.91 billion, a P/E ratio of 46.54, a PEG ratio of 0.87 and a beta of 1.19. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The firm’s 50 day moving average price is $136.90 and its two-hundred day moving average price is $120.14.

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

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.25 per share. 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%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s payout ratio is currently 33.33%.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction that occurred on 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 sale, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 258,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the sale, the chief financial officer directly owned 167,695 shares in the company, valued at approximately $24,013,924. This represents a 60.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,063,194 shares of company stock valued at $148,244,445 in the last 90 days. 1.67% of the stock is currently 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.