Amphenol (NYSE:APH) Hits New 1-Year High After Better-Than-Expected Earnings

Key Points

• Amphenol Corporation reached a new 52-week high stock price of $135.94 after reporting earnings of $0.93 per share, exceeding the estimated $0.79.
• The company announced a quarterly dividend of $0.165 per share, reflecting an annualized payout of $0.66 and a yield of 0.5%.
• Amphenol's stock has received optimistic ratings from analysts, with several target prices set above $115, including a high of $145 by Citigroup.

Amphenol Corporation (NYSE:APH - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $135.94 and last traded at $126.98, with a volume of 4027170 shares trading hands. The stock had previously closed at $124.44.

The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm's revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Amphenol's dividend payout ratio (DPR) is 26.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APH. The Goldman Sachs Group set a $139.00 target price on shares of Amphenol and gave the stock a "buy" rating in a research report on Monday, September 29th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Citigroup reiterated a "buy" rating and issued a $145.00 price target (up previously from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Barclays assumed coverage on shares of Amphenol in a report on Wednesday, October 8th. They set an "equal weight" rating and a $120.00 target price on the stock. Finally, Truist Financial boosted their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Insider Activity

In other news, VP Lance E. D'amico sold 100,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the transaction, the vice president owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 40,076 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the sale, the chief financial officer directly owned 39,884 shares of the company's stock, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock worth $73,369,357 over the last three months. 1.67% of the stock is owned by insiders.

Institutional Trading of Amphenol

A number of hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in Amphenol by 10.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 134,742 shares of the electronics maker's stock valued at $16,674,000 after purchasing an additional 12,277 shares during the period. Earned Wealth Advisors LLC boosted its holdings in Amphenol by 57.0% in the 3rd quarter. Earned Wealth Advisors LLC now owns 5,072 shares of the electronics maker's stock valued at $628,000 after purchasing an additional 1,842 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Amphenol by 1.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 531,671 shares of the electronics maker's stock worth $65,794,000 after acquiring an additional 6,122 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Amphenol during the 3rd quarter worth about $30,000. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Amphenol by 24.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 29,566 shares of the electronics maker's stock worth $3,659,000 after acquiring an additional 5,853 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Up 1.0%

The business's fifty day moving average price is $118.01 and its 200 day moving average price is $99.22. The company has a market capitalization of $153.41 billion, a P/E ratio of 50.06, a P/E/G ratio of 1.67 and a beta of 1.17. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

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.

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