Astoria Portfolio Advisors LLC. Makes New $638,000 Investment in Amphenol Corporation $APH

Astoria Portfolio Advisors LLC. acquired a new stake in shares of Amphenol Corporation (NYSE:APH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,068 shares of the electronics maker’s stock, valued at approximately $638,000.

Several other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Amphenol in the 2nd quarter worth approximately $2,104,244,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Amphenol by 639.0% in 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 buying an additional 7,573,750 shares during the period. Holocene Advisors LP grew its holdings in shares of Amphenol by 201.2% during the second quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock valued at $381,909,000 after buying an additional 2,583,628 shares in the last quarter. AQR Capital Management LLC raised its position in Amphenol by 338.8% during the first quarter. AQR Capital Management LLC now owns 3,275,831 shares of the electronics maker’s stock valued at $212,798,000 after buying an additional 2,529,319 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Amphenol in the 2nd quarter worth about $225,757,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 4.6%

APH opened at $135.54 on Friday. The firm has a market cap of $165.91 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. 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 business has a 50 day moving average price of $135.03 and a 200 day moving average price of $117.08. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter last 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. Research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 33.33%.

Insider Activity

In other news, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total transaction of $11,360,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 120,000 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,063,194 shares of company stock worth $148,244,445 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on APH shares. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and lifted their target price for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Truist Financial increased their target price on shares of Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Ten 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.08.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.