Amphenol (NYSE:APH) to Repurchase $4 billion in Outstanding Shares

Amphenol (NYSE:APH) announced that its board has authorized a share buyback program on Wednesday, October 28th, RTT News reports. The company plans to repurchase $4 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 2% of its shares through open market purchases. Share buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APH. Sanford C. Bernstein began coverage on shares of Amphenol in a research report on Wednesday, September 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Zacks Research lowered shares of Amphenol from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. UBS Group lifted their price objective on shares of Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America boosted their price objective on shares of Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $116.00 target price (up from $102.00) on shares of Amphenol in a research report on Tuesday, October 6th. Sixteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.79.

Amphenol Price Performance

Shares of NYSE APH opened at $79.48 on Friday. The business has a fifty day moving average price of $81.46 and a two-hundred day moving average price of $75.48. The stock has a market capitalization of $196.00 billion, a PE ratio of 32.96, a P/E/G ratio of 0.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.41. Amphenol has a fifty-two week low of $59.01 and a fifty-two week high of $89.93.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $0.93 EPS. Amphenol’s quarterly revenue was up 65.1% on a year-over-year basis. As a group, equities analysts predict that Amphenol will post 2.83 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. Amphenol’s dividend payout ratio is currently 21.74%.

Key Amphenol News

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Amphenol raised its fourth-quarter 2026 outlook to EPS of $0.81-$0.83 and revenue of $10.3-$10.5 billion, above consensus estimates of $0.75 and $9.7 billion, respectively.
• Positive Sentiment: The company also increased its full-year 2026 guidance to EPS of $2.82-$2.84 and revenue of $36.9-$37.1 billion, ahead of analyst expectations of $2.69 and $35.7 billion.
• Positive Sentiment: Third-quarter results exceeded expectations, with adjusted EPS of $0.80 versus the $0.73 consensus and revenue of approximately $10.2 billion. Orders rose 99% year over year, and the book-to-bill ratio reached 1.19, indicating strong demand momentum.
• Positive Sentiment: Management highlighted strong artificial-intelligence data-center demand, with IT datacom sales increasing sharply. Analysts at JPMorgan, BNP Paribas Exane, UBS and Truist raised their price targets to $111-$115 and maintained bullish ratings.
• Positive Sentiment: The board approved a new $4 billion share-repurchase program, covering up to 2% of outstanding shares and beginning in 2027. Buybacks can support earnings per share and signal management confidence in the valuation. Amphenol Board of Directors Approves Share Repurchase Program
• Neutral Sentiment: Amphenol agreed to acquire Humanetics Sensors and AdvancedPCB Holdings. The transactions could expand its sensor and circuit-board businesses, although financial terms and the near-term earnings impact were not provided.
• Negative Sentiment: Rothschild & Co Redburn cut its price target from $197 to $107. Although the revised target still implies substantial upside, the magnitude of the reduction may pressure investor sentiment.
• Negative Sentiment: The company’s quarterly dividend was reported at $0.15 per share, below the prior $0.25 payout. The lower distribution may disappoint income-focused investors, despite broader reports describing the post-split payout as an increase.

Insiders Place Their Bets

In other news, EVP David M. Silverman sold 240,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 31,344 shares of the company’s stock, valued at approximately $2,730,689.28. This represents a 88.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 386,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $83.66, for a total transaction of $32,324,292.00. Following the sale, the chief financial officer directly owned 181,330 shares of the company’s stock, valued at approximately $15,169,161.15. This trade represents a 68.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 726,400 shares of company stock worth $61,332,592 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Amphenol Company Profile

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.