Amphenol Corporation $APH Shares Purchased by Penobscot Investment Management Company Inc.

Key Points

• Penobscot Investment Management increased its stake in Amphenol Corporation by 1.9% in the second quarter, now holding approximately 166,341 shares worth about $16.4 million.
• Several analysts have set high price targets for Amphenol, with Citigroup raising its target to $145.00 and Goldman Sachs setting it at $139.00, reflecting a consensus rating of "Moderate Buy."
• Amphenol Corporation declared a quarterly dividend of $0.165 per share to be paid on October 8th, representing an annualized dividend yield of 0.5%.

Penobscot Investment Management Company Inc. raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,341 shares of the electronics maker's stock after purchasing an additional 3,099 shares during the quarter. Amphenol comprises approximately 1.4% of Penobscot Investment Management Company Inc.'s investment portfolio, making the stock its 14th biggest holding. Penobscot Investment Management Company Inc.'s holdings in Amphenol were worth $16,426,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APH. Opal Wealth Advisors LLC bought a new stake in Amphenol during the 2nd quarter valued at $25,000. Hilltop National Bank acquired a new position in shares of Amphenol during the second quarter valued at $35,000. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the first quarter valued at about $25,000. Avalon Trust Co lifted its holdings in Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Amphenol in the 1st quarter valued at about $28,000. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on APH. The Goldman Sachs Group set a $139.00 price target on shares of Amphenol and gave the stock a "buy" rating in a research report on Monday, September 29th. Citigroup restated a "buy" rating and issued a $145.00 target price (up from $125.00) on shares of Amphenol in a research report on Wednesday, September 24th. Evercore ISI lifted their price target on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. upped their price objective on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Industrial Alliance Securities set a $115.00 target price on Amphenol in a research note on Friday, July 11th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Insider Activity

In related news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,380,250. This trade represents a 88.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $110.29, for a total transaction of $12,462,770.00. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock worth $73,369,357 in the last quarter. Insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $122.28 on Friday. The stock's fifty day simple moving average is $113.91 and its 200 day simple moving average is $94.15. The stock has a market capitalization of $149.29 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 1.98 and a beta of 1.17. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $126.06.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.Amphenol's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, sell-side analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. Amphenol's payout ratio is currently 26.29%.

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.

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