92,029 Amphenol Corporation $APH Shares Acquired by Bfsg LLC

Bfsg LLC increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 98.4% during the third quarter, Holdings Channel.com reports. The firm owned 185,596 shares of the electronics maker’s stock after buying an additional 92,029 shares during the period. Amphenol makes up 1.4% of Bfsg LLC’s holdings, making the stock its 14th biggest holding. Bfsg LLC’s holdings in Amphenol were worth $15,646,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Amphenol by 24.2% during the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after purchasing an additional 13,884,641 shares in the last quarter. Wellington Management Group LLP raised its holdings in Amphenol by 10.5% in the second quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock worth $2,923,371,000 after purchasing an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP raised its holdings in Amphenol by 3,010.0% in the second quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after purchasing an additional 15,908,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Amphenol by 4.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker’s stock valued at $1,710,939,000 after buying an additional 416,388 shares during the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Amphenol in the 2nd quarter valued at about $1,600,531,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol News Summary

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: AI data-center demand and recent record sales are key growth drivers. Amphenol’s latest quarter beat earnings and revenue estimates, with revenue up 65.1% year over year; a recent deep dive also highlighted AI demand and acquisitions as supports for its outlook. Article: APH Q3 deep dive
• Positive Sentiment: Barclays forecast further price appreciation for APH, while Evercore named Amphenol among technology stocks to own following the U.S. election. These recommendations support the bullish case, though the supplied reports do not provide details of the analysts’ rationale or targets. Article: Barclays outlook Article: Evercore technology-stock picks
• Positive Sentiment: A newly authorized $4 billion share-repurchase program could support shareholder returns and signal confidence in the business. Article: Buyback capacity
• Neutral Sentiment: A report raised the possibility that a new partnership could strengthen Amphenol’s role in AI infrastructure, but the available details do not establish the partnership’s terms or financial impact. Article: Amphenol and AI infrastructure partnership
• Negative Sentiment: CEO Richard Norwitt sold 799,576 shares for about $65.9 million, reducing his direct stake by 17.18%. He retained roughly 3.86 million shares, but the sizable sale may concern investors. Article: CEO share sale
• Negative Sentiment: Amphenol has been caught in a broader AI-stock sell-off despite strong orders and growth across data-center suppliers, which can pressure shares independently of company fundamentals. Article: AI stocks and data-center spending

Insider Buying and Selling

In other news, CEO Richard Norwitt sold 799,576 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the sale, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on APH shares. The Goldman Sachs Group reiterated a “buy” rating and set a $116.00 price objective (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Barclays raised their target price on shares of Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Erste Group Bank started coverage on Amphenol in a research report on Wednesday, October 21st. They set a “buy” rating on the stock. Finally, Evercore set a $100.00 price objective on Amphenol in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Amphenol currently has an average rating of “Buy” and an average price target of $108.32.

Amphenol Price Performance

NYSE:APH opened at $79.09 on Thursday. The firm’s fifty day moving average is $81.60 and its two-hundred day moving average is $75.57. The firm has a market cap of $195.30 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. Amphenol Corporation has a one year low of $59.01 and a one year high of $89.93.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company’s revenue was up 65.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Research analysts expect that Amphenol Corporation will post 2.84 EPS for the current year.

Amphenol announced that its board has approved a share repurchase program on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 2% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 annualized dividend and a yield of 0.8%. This is a drop from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 26.09%.

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.