Geode Capital Management LLC Buys 748,813 Shares of Amphenol Corporation $APH

Key Points

• Geode Capital Management increased its Amphenol stake by 2.5% in the fourth quarter, buying 748,813 shares and bringing its holdings to 30.3 million shares worth about $4.09 billion.
• Amphenol continues to attract heavy institutional interest, with several large investors significantly boosting positions; institutions now own 97.01% of the company.
• The company beat quarterly expectations with strong earnings and revenue growth, while analysts remain mostly bullish, with a consensus Moderate Buy rating and average price target of $176.53.

Geode Capital Management LLC raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,318,652 shares of the electronics maker's stock after purchasing an additional 748,813 shares during the period. Geode Capital Management LLC owned approximately 2.48% of Amphenol worth $4,087,372,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APH. Capital International Investors increased its stake in Amphenol by 446.9% in the third quarter. Capital International Investors now owns 18,006,524 shares of the electronics maker's stock valued at $2,228,288,000 after purchasing an additional 14,714,177 shares in the last quarter. Capital Research Global Investors increased its stake in Amphenol by 106.9% in the third quarter. Capital Research Global Investors now owns 15,523,085 shares of the electronics maker's stock valued at $1,920,982,000 after purchasing an additional 8,021,284 shares in the last quarter. Jennison Associates LLC increased its stake in Amphenol by 340.8% in the fourth quarter. Jennison Associates LLC now owns 10,257,379 shares of the electronics maker's stock valued at $1,386,182,000 after purchasing an additional 7,930,532 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Amphenol by 693.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,279,457 shares of the electronics maker's stock valued at $900,833,000 after purchasing an additional 6,362,533 shares in the last quarter. Finally, Lone Pine Capital LLC bought a new stake in Amphenol in the third quarter valued at approximately $374,125,000. Institutional investors own 97.01% of the company's stock.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 61,072 shares of Amphenol stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company's stock, valued at $277,368,257.30. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 130,775 shares of company stock valued at $18,709,350. Company insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on APH. Barclays reaffirmed an "overweight" rating and issued a $180.00 target price (up from $175.00) on shares of Amphenol in a research note on Monday, May 4th. Zacks Research downgraded shares of Amphenol from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Wall Street Zen downgraded shares of Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. UBS Group reissued a "buy" rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Finally, Citigroup reissued a "buy" rating and set a $180.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $176.53.

Amphenol Stock Performance

Shares of APH opened at $140.22 on Thursday. Amphenol Corporation has a 12 month low of $87.84 and a 12 month high of $167.04. The firm has a fifty day simple moving average of $134.67 and a 200 day simple moving average of $138.60. The stock has a market capitalization of $172.50 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 1.22 and a beta of 1.29. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.95 by $0.11. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The business had revenue of $7.62 billion during the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm's revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Research analysts forecast that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol's dividend payout ratio (DPR) is currently 28.74%.

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.

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