Graham Capital Management L.P. Buys New Holdings in Amphenol Corporation $APH

Key Points

• Graham Capital Management L.P. acquired a new stake in Amphenol Corporation, purchasing 20,366 shares valued at approximately $1,336,000 in the first quarter of 2023.
• Insider transactions revealed that CFO Craig A. Lampo and VP Lance E. D'Amico sold significant portions of their stock, with Lampo selling nearly 200,000 shares worth over $22 million.
• Amphenol recently announced a quarterly dividend of $0.165 per share, with an annualized yield of 0.6%, reflecting a dividend payout ratio of 26.29%.

Graham Capital Management L.P. bought a new stake in Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,366 shares of the electronics maker's stock, valued at approximately $1,336,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Amphenol in the first quarter valued at approximately $25,000. Avalon Trust Co increased its stake in Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Amphenol in the first quarter valued at approximately $28,000. Saudi Central Bank purchased a new position in Amphenol in the first quarter valued at approximately $31,000. Finally, SouthState Corp purchased a new position in Amphenol in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity

In related news, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total value of $22,069,214.64. Following the transaction, the chief financial officer directly owned 125,695 shares in the company, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of Amphenol 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 completion of the transaction, the vice president owned 76,400 shares in the company, valued at approximately $8,449,840. This trade represents a 56.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 665,924 shares of company stock valued at $73,369,357. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of APH opened at $109.25 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The firm has a market cap of $133.39 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. The company's 50 day simple moving average is $104.77 and its 200-day simple moving average is $85.59. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $112.35.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) 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 business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the firm posted $0.44 earnings per share. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APH. Citigroup increased their price target on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Evercore ISI increased their price target on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. KGI Securities initiated coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Truist Financial raised 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. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average price target of $105.62.

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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