Balyasny Asset Management L.P. Buys 540,723 Shares of Amphenol Corporation $APH

Balyasny Asset Management L.P. grew its stake in shares of Amphenol Corporation (NYSE:APH) by 91.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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. owned approximately 0.09% of Amphenol worth $112,027,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Motive Wealth Advisors bought a new position in shares of Amphenol in the 2nd quarter worth about $215,000. LeConte Wealth Management LLC bought a new position in shares of Amphenol during the second quarter valued at approximately $399,000. Advyzon Investment Management LLC lifted its holdings in shares of Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after purchasing an additional 3,051 shares during the last quarter. New York Life Investment Management LLC boosted its position in shares of Amphenol by 1.6% in the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after purchasing an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC purchased a new stake in shares of Amphenol in the 2nd quarter worth approximately $482,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction on 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 transaction, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This trade represents a 61.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,063,194 shares of company stock worth $148,244,445. Insiders own 1.67% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $129.15 on Friday. Amphenol Corporation has a one year low of $56.45 and a one year high of $144.37. The stock has a 50-day moving average of $134.44 and a 200 day moving average of $115.65. 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 company has a market capitalization of $158.09 billion, a price-to-earnings ratio of 43.05, a PEG ratio of 1.09 and a beta of 1.19.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio (DPR) is presently 22.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on APH. JPMorgan Chase & Co. lifted their price objective on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI upped their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Ten 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 presently has a consensus rating of “Moderate Buy” and a consensus price target 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.