Lynch & Associates IN Makes New Investment in Amphenol Corporation $APH

Key Points

• Lynch & Associates IN has invested approximately $212,000 by buying 2,150 shares of Amphenol Corporation during the 2nd quarter, according to a recent SEC filing.
• Amphenol's stock has shown a significant increase of 56.5% year-over-year, with earnings per share reported at $0.81 for the last quarter, surpassing estimates.
• The company announced a quarterly dividend of $0.165 per share, resulting in an annualized yield of 0.5%, payable on October 8th, 2023.

Lynch & Associates IN bought a new position in Amphenol Corporation (NYSE:APH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,150 shares of the electronics maker's stock, valued at approximately $212,000.

Several other hedge funds have also added to or reduced their stakes in APH. T. Rowe Price Investment Management Inc. boosted its holdings in Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock worth $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock worth $574,500,000 after acquiring an additional 7,573,750 shares in the last quarter. Nuveen LLC bought a new stake in Amphenol in the first quarter worth $476,842,000. Wellington Management Group LLP lifted its holdings in shares of Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock valued at $798,163,000 after purchasing an additional 5,154,860 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after buying an additional 2,870,933 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Up 1.5%

APH stock opened at $125.59 on Wednesday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $126.06. The business's 50-day moving average is $110.68 and its two-hundred day moving average is $91.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The company has a market cap of $153.34 billion, a price-to-earnings ratio of 50.04, a P/E/G ratio of 1.98 and a beta of 1.15.

Amphenol (NYSE:APH - Get Free Report) last posted its 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. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. Amphenol's revenue 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, analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

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

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 199,848 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.43, for a total value of $22,069,214.64. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 665,924 shares of company stock worth $73,369,357 in the last ninety days. Insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Evercore ISI lifted their price objective on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Truist Financial lifted their price objective on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, UBS Group lifted their price objective on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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