Pallas Capital Advisors LLC Purchases 4,363 Shares of Amphenol Corporation $APH

Key Points

• Pallas Capital Advisors LLC increased its holdings in Amphenol Corporation by 17.0%, owning nearly 30,000 shares worth approximately $2.96 million as of the latest SEC filing.
• Amphenol's latest quarterly earnings report exceeded expectations, with $0.81 earnings per share and revenues of $5.65 billion, marking a substantial year-over-year growth of 56.5%.
• The company announced a quarterly dividend of $0.165 per share, reflecting an annualized rate of $0.66 and a dividend yield of 0.6%.

Pallas Capital Advisors LLC lifted its stake in Amphenol Corporation (NYSE:APH - Free Report) by 17.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,979 shares of the electronics maker's stock after buying an additional 4,363 shares during the quarter. Pallas Capital Advisors LLC's holdings in Amphenol were worth $2,960,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APH. Baron Wealth Management LLC acquired a new stake in Amphenol during the second quarter worth $297,000. Aaron Wealth Advisors LLC boosted its holdings in Amphenol by 25.1% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 6,908 shares of the electronics maker's stock valued at $682,000 after purchasing an additional 1,384 shares in the last quarter. Balefire LLC purchased a new stake in shares of Amphenol during the 2nd quarter worth approximately $314,000. Inspirion Wealth Advisors LLC purchased a new stake in Amphenol in the 2nd quarter valued at approximately $276,000. Finally, Krilogy Financial LLC acquired a new position in Amphenol in the 2nd quarter valued at $1,480,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH stock traded up $2.13 during midday trading on Friday, hitting $124.20. The company had a trading volume of 15,836,325 shares, compared to its average volume of 8,418,983. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $124.39. The stock has a market cap of $151.64 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.99 and a beta of 1.15. The company's 50 day simple moving average is $109.68 and its 200 day simple moving average is $90.15.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on APH. Robert W. Baird increased their price target on Amphenol from $118.00 to $127.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Evercore ISI boosted their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. KGI Securities initiated coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Citigroup boosted their price target on shares of Amphenol from $115.00 to $125.00 and gave the company 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.62.

Insiders Place Their Bets

In other news, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 125,695 shares in the company, valued at approximately $13,880,498.85. The trade was a 61.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 665,924 shares of company stock worth $73,369,357. Company insiders own 1.67% of the company's stock.

About Amphenol

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.