AXQ Capital LP Makes New $932,000 Investment in Amphenol Corporation $APH

AXQ Capital LP acquired a new position in shares of Amphenol Corporation (NYSE:APH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,434 shares of the electronics maker’s stock, valued at approximately $932,000.

Other hedge funds have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in 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 purchasing an additional 11,092,282 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 worth $574,500,000 after purchasing an additional 7,573,750 shares during the period. Nuveen LLC purchased a new stake in Amphenol in the first quarter valued at approximately $476,842,000. Wellington Management Group LLP increased its holdings 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 buying an additional 5,154,860 shares during the period. Finally, Vanguard Group Inc. raised its position in Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after buying an additional 2,870,933 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on APH shares. UBS Group set a $152.00 price objective on shares of Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Citigroup boosted their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.54.

Insider Buying and Selling

In related news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at $1,764,625. This represents a 90.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares in the company, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,123,270 shares of company stock worth $152,357,247 in the last 90 days. 1.67% of the stock is owned by insiders.

Amphenol Price Performance

NYSE:APH opened at $131.64 on Friday. 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 Corporation has a 52 week low of $56.45 and a 52 week high of $144.37. The stock’s 50-day moving average price is $129.61 and its 200-day moving average price is $110.01. The stock has a market capitalization of $161.13 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 return on equity of 33.46% and a net margin of 18.22%.The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. Amphenol’s quarterly 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. Q4 2025 guidance at 0.890-0.910 EPS. As a group, equities analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is 33.33%.

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.