Atlantic Union Bankshares Corp Takes Position in Amphenol Corporation $APH

Atlantic Union Bankshares Corp purchased a new position in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,281 shares of the electronics maker’s stock, valued at approximately $2,990,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after purchasing an additional 2,870,933 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Amphenol by 196.3% during the 1st 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 during the last quarter. Wellington Management Group LLP grew its stake in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares during the period. Invesco Ltd. increased its stake in Amphenol by 1.6% during the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker’s stock worth $603,362,000 after acquiring an additional 141,069 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Amphenol by 639.0% during the first 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 buying an additional 7,573,750 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 0.7%

Shares of APH stock opened at $139.01 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The stock’s 50 day simple moving average is $125.12 and its 200 day simple moving average is $105.82. The company has a market capitalization of $170.16 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 1.58 and a beta of 1.20. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $142.50.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. The company had revenue of $6.19 billion during 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%.Amphenol’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, December 16th. This is a boost from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

APH has been the topic of several analyst reports. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and raised their target price for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.77.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the completion of the transaction, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at $4,409,575.04. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,238,042 shares of company stock valued at $155,252,726 in the last 90 days. 1.67% of the stock is owned by corporate insiders.

Amphenol Company 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.