FORA Capital LLC Grows Stake in Amphenol Corporation $APH

FORA Capital LLC raised its holdings in shares of Amphenol Corporation (NYSE:APH) by 461.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,606 shares of the electronics maker’s stock after purchasing an additional 63,795 shares during the period. Amphenol accounts for approximately 0.9% of FORA Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. FORA Capital LLC’s holdings in Amphenol were worth $7,664,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in Amphenol during the 2nd quarter valued at about $2,104,244,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Amphenol by 196.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after purchasing an additional 7,573,750 shares during the last quarter. Wellington Management Group LLP boosted its stake in Amphenol by 73.5% in the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $798,163,000 after purchasing an additional 5,154,860 shares in the last quarter. Finally, Holocene Advisors LP grew its position in Amphenol by 201.2% during the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock worth $381,909,000 after purchasing an additional 2,583,628 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on APH shares. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Truist Financial raised their target price on Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. UBS Group set a $152.00 price target on Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI raised their price objective on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 80,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This represents a 61.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

APH opened at $129.15 on Friday. The stock has a market cap of $158.09 billion, a P/E ratio of 43.05, a P/E/G ratio of 1.02 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The firm has a fifty day moving average price of $134.44 and a 200 day moving average price of $115.84. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37.

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

Amphenol Increases Dividend

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

About Amphenol

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.