PDT Partners LLC Purchases 35,319 Shares of Amphenol Corporation $APH

Key Points

• PDT Partners LLC boosted its stake in Amphenol Corporation by 245.3%, owning 49,719 shares valued at $3.26 million after acquiring 35,319 additional shares in Q1.
• The company's stock has seen significant activity from other hedge funds, with Vanguard Group and Bank of America also increasing their holdings by 1.9% and 294.0%, respectively.
• Despite a 2.8% decline in share price, Amphenol reported earnings per share of $0.81, exceeding estimates and a revenue increase of 56.5% year-over-year.

PDT Partners LLC grew its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 245.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,719 shares of the electronics maker's stock after acquiring an additional 35,319 shares during the quarter. PDT Partners LLC's holdings in Amphenol were worth $3,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Manhattan CO. LLC. grew its holdings in Amphenol by 766.2% during the first quarter. First Manhattan CO. LLC. now owns 186,518 shares of the electronics maker's stock worth $12,260,000 after buying an additional 164,986 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Amphenol in the first quarter worth $993,000. Alamar Capital Management LLC purchased a new position in Amphenol in the first quarter worth $2,517,000. Flputnam Investment Management Co. boosted its position in Amphenol by 6.1% in the first quarter. Flputnam Investment Management Co. now owns 140,708 shares of the electronics maker's stock worth $9,229,000 after purchasing an additional 8,092 shares during the last quarter. Finally, ICW Investment Advisors LLC boosted its position in Amphenol by 2.7% in the first quarter. ICW Investment Advisors LLC now owns 16,445 shares of the electronics maker's stock worth $1,079,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI boosted their price objective on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Bank of America upped their price target on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $105.62.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,380,250. This represents a 88.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 113,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $108.89, for a total value of $12,304,570.00. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last 90 days. Company insiders own 1.67% of the company's stock.

Amphenol Price Performance

APH traded down $2.24 during trading on Friday, reaching $110.51. 12,408,043 shares of the company were exchanged, compared to its average volume of 6,470,245. The company's 50-day moving average is $105.61 and its two-hundred day moving average is $86.35. The company has a market cap of $134.93 billion, a price-to-earnings ratio of 44.03, a P/E/G ratio of 1.81 and a beta of 1.15. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $113.69.

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

Amphenol Announces Dividend

The firm also recently announced 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. 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 is currently 26.29%.

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.