Amphenol (NYSE:APH) Stock Dropped to Hold by Zacks Research

Zacks Research downgraded shares of Amphenol (NYSE:APH) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks reports.

Several other brokerages have also issued reports on APH. Sanford C. Bernstein started coverage on Amphenol in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $99.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Friday, July 17th. Robert W. Baird upped their target price on Amphenol from $88.50 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Bank of America boosted their price objective on shares of Amphenol from $90.00 to $92.50 and gave the stock a “buy” rating in a report on Thursday, July 9th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.34.

Amphenol Stock Down 0.4%

APH stock opened at $84.30 on Monday. The company’s 50 day moving average is $80.87 and its 200 day moving average is $75.21. The stock has a market cap of $207.89 billion, a price-to-earnings ratio of 42.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 1.10. Amphenol has a 1-year low of $59.01 and a 1-year high of $89.26.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 29th. The electronics maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s quarterly revenue was up 55.0% compared to the same quarter last year. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. Sell-side analysts predict that Amphenol will post 2.66 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 22nd. Amphenol’s payout ratio is 25.00%.

Insider Buying and Selling

In other news, CEO Richard Norwitt sold 372,208 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $81.14, for a total value of $30,199,096.08. Following the transaction, the chief executive officer owned 1,728,354 shares in the company, valued at approximately $140,230,001.79. This trade represents a 17.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Silverman sold 240,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the sale, the executive vice president directly owned 31,344 shares of the company’s stock, valued at $2,730,689.28. The trade was a 88.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,098,608 shares of company stock worth $172,316,688. 1.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. J. Stern & Co. LLP increased its position in shares of Amphenol by 9,435.8% during the fourth quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker’s stock valued at $10,374,670,000 after buying an additional 75,964,718 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Amphenol by 102.7% during the 4th quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker’s stock worth $4,638,701,000 after acquiring an additional 17,387,536 shares during the period. Corient Private Wealth LP raised its position in shares of Amphenol by 3,010.0% in the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after acquiring an additional 15,908,901 shares in the last quarter. State Street Corp raised its position in shares of Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after acquiring an additional 13,884,641 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Amphenol in the 2nd quarter valued at approximately $1,600,531,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, sensors and antenna solutions. Its products enable the transmission of power, signals and data in applications that include high-speed communications, industrial equipment, transportation systems and electronic devices.

The company serves a broad range of end markets, including aerospace and defense, automotive, information technology and data communications, mobile networks, industrial automation, medical equipment and commercial electronics.