Amphenol (NYSE:APH) Shares Down 1.4% – Here’s Why

Amphenol Corporation (NYSE:APH)’s stock price traded down 1.4% during trading on Thursday. The company traded as low as $78.37 and last traded at $81.5110. Approximately 15,618,235 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 17,279,447 shares. The stock had previously closed at $82.69.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of analyst reports. BNP Paribas Exane increased their price objective on Amphenol from $107.50 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, September 22nd. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Robert W. Baird increased their target price on Amphenol from $88.50 to $95.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. UBS Group restated a “buy” rating and issued a $105.00 price target (up from $99.00) on shares of Amphenol in a research report on Wednesday, October 7th. Finally, Sanford C. Bernstein assumed coverage on Amphenol in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.56.

Amphenol Stock Down 1.4%

The business has a fifty day moving average of $82.43 and a 200 day moving average of $76.84. The firm has a market cap of $201.00 billion, a P/E ratio of 40.86, a P/E/G ratio of 1.19 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 earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. Amphenol had a return on equity of 39.87% and a net margin of 17.73%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’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. On average, equities research analysts predict that Amphenol Corporation will post 2.67 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 22nd. Amphenol’s dividend payout ratio (DPR) is presently 25.00%.

Insiders Place Their Bets

In other news, EVP David Silverman sold 240,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the sale, the executive vice president owned 31,344 shares of the company’s stock, valued at $2,730,689.28. This trade represents a 88.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lance D’Amico sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.00, for a total value of $8,099,500.00. Following the transaction, the executive vice president owned 114,130 shares in the company, valued at $9,243,959.35. This trade represents a 46.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,098,608 shares of company stock valued at $172,316,688 over the last ninety days. 1.42% of the stock is owned by insiders.

Institutional Trading of Amphenol

Hedge funds have recently bought and sold shares of the stock. Triasima Portfolio Management inc. increased its holdings in Amphenol by 100.0% during the 3rd quarter. Triasima Portfolio Management inc. now owns 24,478 shares of the electronics maker’s stock worth $2,063,000 after purchasing an additional 12,239 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Amphenol by 762.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 981,055 shares of the electronics maker’s stock valued at $82,703,000 after purchasing an additional 867,355 shares during the period. Ninety One UK Ltd bought a new stake in shares of Amphenol in the third quarter valued at about $423,000. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Amphenol by 94.8% in the third quarter. Summit Financial Wealth Advisors LLC now owns 3,982 shares of the electronics maker’s stock valued at $336,000 after purchasing an additional 1,938 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Amphenol by 117.8% in the third quarter. State of Alaska Department of Revenue now owns 284,024 shares of the electronics maker’s stock valued at $24,761,000 after purchasing an additional 153,642 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Amphenol

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.