Balyasny Asset Management L.P. Raises Position in Amphenol Corporation $APH

Balyasny Asset Management L.P. lifted its stake in Amphenol Corporation (NYSE:APH) by 91.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134,453 shares of the electronics maker’s stock after purchasing an additional 540,723 shares during the period. Balyasny Asset Management L.P.’s holdings in Amphenol were worth $112,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bell Investment Advisors Inc increased its position in Amphenol by 19.2% in the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after buying an additional 95 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Amphenol by 9.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock valued at $113,000 after buying an additional 98 shares in the last quarter. Tranquility Partners LLC grew its stake in shares of Amphenol by 0.8% during the 2nd quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock valued at $1,322,000 after acquiring an additional 107 shares during the period. EWA LLC increased its holdings in Amphenol by 2.3% in the 2nd quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock worth $514,000 after acquiring an additional 115 shares in the last quarter. Finally, Coign Capital Advisors LLC raised its stake in Amphenol by 1.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 10,561 shares of the electronics maker’s stock worth $1,043,000 after acquiring an additional 116 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Down 7.1%

Shares of APH stock opened at $129.15 on Friday. The company’s fifty day simple moving average is $134.44 and its two-hundred day simple moving average is $115.65. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37. The stock has a market cap of $158.09 billion, a P/E ratio of 43.05, a PEG ratio of 1.09 and a beta of 1.19. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business’s revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol’s payout ratio is currently 22.00%.

Insider Activity

In related news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total value of $11,283,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 258,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the sale, the chief financial officer owned 167,695 shares in the company, valued at $24,013,924. This represents a 60.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on APH shares. Citigroup increased their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. JPMorgan Chase & Co. raised their price target on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Truist Financial boosted their price objective on Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Barclays increased their target price on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $131.54.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.