First Horizon Corp Acquires New Stake in Amphenol Corporation $APH

First Horizon Corp bought a new stake in Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,702 shares of the electronics maker’s stock, valued at approximately $458,000.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Amphenol by 8.4% in the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock valued at $2,804,338,000 after buying an additional 2,217,079 shares during the last quarter. Norges Bank purchased a new stake in Amphenol in the 2nd quarter worth approximately $2,104,244,000. Franklin Resources Inc. raised its holdings in Amphenol by 13.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after acquiring an additional 1,486,105 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Amphenol by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock worth $699,998,000 after purchasing an additional 133,966 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Amphenol by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock worth $581,021,000 after purchasing an additional 210,551 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In other news, 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 value of $16,940,400.00. Following the completion of the sale, the vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total value of $11,283,200.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,063,194 shares of company stock valued at $148,244,445 over the last 90 days. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup reiterated a “buy” rating and issued a $175.00 target price (up from $160.00) on shares of Amphenol in a research note on Monday. Barclays raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $143.00 to $156.00 in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, UBS Group set a $152.00 price target on shares of Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.54.

Amphenol Trading Up 2.6%

NYSE APH opened at $148.90 on Wednesday. The firm has a market capitalization of $182.26 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 0.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. Amphenol Corporation has a one year low of $56.45 and a one year high of $149.11. The company’s 50 day moving average price is $137.31 and its 200 day moving average price is $122.78.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’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 and its Q4 2025 guidance at 0.890-0.910 EPS. On average, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

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

Amphenol Company 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.