Busey Bank Takes $13.87 Million Position in Amphenol Corporation $APH

Key Points

• Busey Bank invested approximately $13.87 million in Amphenol Corporation by purchasing 140,485 shares in Q2, indicating growing institutional interest in the electronics maker.
• Amphenol's stock received upgraded price targets by multiple analysts, with Evercore ISI raising it to $110 and Robert W. Baird increasing it to $127, reflecting positive sentiment and growth expectations.
• The company reported earnings of $0.81 per share for the last quarter, beating estimates and demonstrating a 56.5% increase in revenue compared to the same quarter last year.

Busey Bank bought a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 140,485 shares of the electronics maker's stock, valued at approximately $13,873,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares during the period. Bison Wealth LLC increased its stake in Amphenol by 8.3% during the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker's stock valued at $559,000 after acquiring an additional 618 shares during the period. Waverly Advisors LLC bought a new position in Amphenol during the fourth quarter valued at about $291,000. Finally, Cornerstone Advisory LLC boosted its holdings in Amphenol by 5.7% during the fourth quarter. Cornerstone Advisory LLC now owns 4,655 shares of the electronics maker's stock valued at $321,000 after purchasing an additional 249 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH stock traded up $2.13 during trading on Friday, reaching $124.20. The company had a trading volume of 15,836,325 shares, compared to its average volume of 8,833,182. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $124.39. The firm has a 50-day simple moving average of $109.68 and a 200-day simple moving average of $90.35. The company has a market cap of $151.64 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

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

Amphenol Announces Dividend

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

Insider Activity

In related news, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction on Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company's stock, valued at approximately $8,449,840. This trade represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock worth $73,369,357 in the last ninety days. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI upped their target price on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Truist Financial upped their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research report on Friday, July 11th. Citigroup boosted their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, UBS Group upped their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.62.

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.