Lone Pine Capital LLC Invests $374.13 Million in Amphenol Corporation $APH

Key Points

• Lone Pine Capital acquired 3,023,231 shares of Amphenol (NYSE:APH) in Q3—about $374.13 million—equal to ~0.25% of Amphenol and ~2.7% of Lone Pine's holdings (its 21st largest position).
• CEO Richard Adam Norwitt sold 515,281 shares on Feb. 12 at an average of $147.27 for roughly $75.9 million, cutting his ownership by 21.09%; corporate insiders now hold about 1.67% of the stock.
• Amphenol beat Q results (EPS $0.97 vs. $0.93 est., revenue $6.44B, +49.1% y/y), set Q1 guidance of $0.91–$0.93 EPS, and carries a consensus "Moderate Buy" from analysts with a $151.38 price target (some targets up to $182).

Lone Pine Capital LLC acquired a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,023,231 shares of the electronics maker's stock, valued at approximately $374,125,000. Amphenol comprises about 2.7% of Lone Pine Capital LLC's holdings, making the stock its 21st largest holding. Lone Pine Capital LLC owned 0.25% of Amphenol at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 90 shares during the period. Riggs Asset Managment Co. Inc. raised its position in shares of Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker's stock worth $25,000 after purchasing an additional 168 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Amphenol in the 2nd quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in Amphenol during the 3rd quarter valued at approximately $30,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Amphenol in the second quarter worth $31,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 515,281 shares of the firm's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the transaction, the chief executive officer owned 1,927,507 shares in the company, valued at $283,863,955.89. This trade represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APH has been the subject of several analyst reports. UBS Group reissued a "buy" rating and set a $174.00 price target (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Evercore reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Amphenol in a report on Tuesday, January 20th. Wall Street Zen lowered shares of Amphenol from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Citigroup upped their target price on shares of Amphenol from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Finally, Truist Financial set a $182.00 price target on shares of Amphenol in a research note on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.38.

Amphenol Price Performance

Shares of APH opened at $136.86 on Tuesday. Amphenol Corporation has a one year low of $56.45 and a one year high of $167.04. The stock's fifty day moving average is $144.17 and its 200-day moving average is $135.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.48 and a current ratio of 2.98. The firm has a market capitalization of $168.23 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.19 billion. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The company's quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. Equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol's dividend payout ratio (DPR) is 29.94%.

Amphenol 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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