Riverbend Wealth Management LLC bought a new position in shares of Amphenol Corporation (NYSE:APH – Free Report) in the first quarter, HoldingsChannel.com reports. The firm bought 5,764 shares of the electronics maker’s stock, valued at approximately $728,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Red Door Wealth Management LLC grew its position in shares of Amphenol by 5.7% in the first quarter. Red Door Wealth Management LLC now owns 4,724 shares of the electronics maker’s stock valued at $597,000 after purchasing an additional 253 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Amphenol by 105.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 16,700 shares of the electronics maker’s stock worth $2,110,000 after purchasing an additional 8,571 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Amphenol by 42.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 343,142 shares of the electronics maker’s stock valued at $43,356,000 after purchasing an additional 101,703 shares during the period. MRA Advisory Group boosted its stake in Amphenol by 10.3% during the 1st quarter. MRA Advisory Group now owns 3,540 shares of the electronics maker’s stock valued at $447,000 after purchasing an additional 332 shares during the period. Finally, Adams Diversified Equity Fund Inc. acquired a new stake in Amphenol in the 1st quarter valued at approximately $16,918,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Citigroup reiterated a “buy” rating and set a $180.00 price target (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Robert W. Baird set a $177.00 price objective on shares of Amphenol in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group increased their price target on shares of Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.07.
Insider Transactions at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 130,775 shares of company stock valued at $18,709,350. Insiders own 1.42% of the company’s stock.
Amphenol Trading Up 0.0%
Amphenol stock opened at $163.73 on Monday. The business has a 50 day moving average price of $144.88 and a two-hundred day moving average price of $141.20. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 12 month low of $95.19 and a 12 month high of $168.75. The stock has a market cap of $201.43 billion, a price-to-earnings ratio of 47.05, a price-to-earnings-growth ratio of 1.43 and a beta of 1.27.
Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.11. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.Amphenol’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, equities analysts forecast that Amphenol Corporation will post 4.76 EPS for the current year.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s payout ratio is currently 28.74%.
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.
Featured Articles
- Five stocks we like better than Amphenol
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH – Free Report).
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.
