Amphenol (NYSE:APH) Shares Down 7.9% – Here’s What Happened

Amphenol Corporation (NYSE:APH)’s stock price fell 7.9% on Thursday. The stock traded as low as $72.23 and last traded at $72.9780. Approximately 18,407,461 shares were traded during trading, an increase of 7% from the average session volume of 17,145,289 shares. The stock had previously closed at $79.20.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America increased their price target on Amphenol from $90.00 to $92.50 and gave the company a “buy” rating in a report on Thursday, July 9th. TD Cowen cut their price objective on Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. JPMorgan Chase & Co. boosted their price objective on Amphenol from $100.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Wolfe Research initiated coverage on Amphenol in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Truist Financial upped their target price on Amphenol from $100.00 to $107.50 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Seventeen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.56.

Amphenol Stock Up 1.3%

The firm’s 50 day moving average price is $81.57 and its two-hundred day moving average price is $77.49. The firm has a market capitalization of $182.49 billion, a PE ratio of 37.10, a P/E/G ratio of 0.99 and a beta of 1.23. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 1.10.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 55.0% on a year-over-year basis. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, research analysts forecast that Amphenol Corporation will post 2.66 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 22nd were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Amphenol’s payout ratio is 25.00%.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Norwitt sold 1,000,000 shares of Amphenol stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $80.78, for a total transaction of $80,785,000.00. Following the sale, the chief executive officer directly owned 3,855,014 shares in the company, valued at $311,427,305.99. The trade was a 20.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.00, for a total value of $8,099,500.00. Following the sale, the executive vice president owned 114,130 shares in the company, valued at $9,243,959.35. This represents a 46.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,098,608 shares of company stock worth $172,316,688. Company insiders own 1.42% of the company’s stock.

Institutional Trading of Amphenol

Hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA grew its position in Amphenol by 16.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 629,096 shares of the electronics maker’s stock valued at $79,468,000 after buying an additional 89,454 shares in the last quarter. Pacific Excel Wealth Advisors Inc. acquired a new position in Amphenol during the 2nd quarter valued at about $1,927,000. Evelyn Partners Investment Management Services Ltd increased its stake in Amphenol by 132.7% during the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 45,599 shares of the electronics maker’s stock valued at $5,761,000 after buying an additional 26,000 shares during the period. Gabelli Funds LLC raised its position in shares of Amphenol by 29.3% during the 1st quarter. Gabelli Funds LLC now owns 193,939 shares of the electronics maker’s stock worth $24,504,000 after buying an additional 43,945 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Amphenol during the 1st quarter worth about $5,637,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Amphenol

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.