QRG Capital Management Inc. Purchases 21,161 Shares of Amphenol Corporation $APH

Key Points

• QRG Capital Management increased its Amphenol stake by 5.4%, buying an additional 21,161 shares to hold 410,004 shares worth about $55.41 million, making APH its 24th largest position.
• Amphenol beat quarterly expectations, reporting $1.06 EPS vs. $0.95 expected and $7.62 billion in revenue (vs. $7.08B), with revenue up 58.4% year-over-year; analysts have a consensus Moderate Buy rating and a $172.53 target (Barclays $180).
• CEO Richard Adam Norwitt sold 515,281 shares in February for roughly $75.9 million, cutting his ownership by 21.09%; insiders now hold about 1.42% of the company.

QRG Capital Management Inc. boosted its position in Amphenol Corporation (NYSE:APH - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 410,004 shares of the electronics maker's stock after acquiring an additional 21,161 shares during the period. Amphenol accounts for about 0.6% of QRG Capital Management Inc.'s holdings, making the stock its 24th biggest position. QRG Capital Management Inc.'s holdings in Amphenol were worth $55,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Advisors Inc. OK lifted its holdings in shares of Amphenol by 3.4% in the fourth quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker's stock valued at $279,000 after purchasing an additional 68 shares in the last quarter. Canvas Wealth Advisors LLC lifted its holdings in shares of Amphenol by 3.5% in the fourth quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker's stock valued at $279,000 after purchasing an additional 70 shares in the last quarter. LOM Asset Management Ltd lifted its holdings in shares of Amphenol by 16.3% in the fourth quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker's stock valued at $68,000 after purchasing an additional 70 shares in the last quarter. Seeds Investor LLC lifted its holdings in shares of Amphenol by 4.0% in the fourth quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker's stock valued at $255,000 after purchasing an additional 72 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Amphenol by 2.6% in the fourth quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker's stock valued at $388,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays restated an "overweight" rating and issued a $180.00 target price (up from $175.00) on shares of Amphenol in a report on Monday. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, March 31st. They set a "buy" rating and a $145.00 price target on the stock. Evercore reiterated an "outperform" rating on shares of Amphenol in a report on Tuesday, March 17th. Finally, Fox Advisors reiterated an "outperform" rating on shares of Amphenol in a report on Friday, January 9th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.53.

Amphenol Stock Performance

Shares of Amphenol stock opened at $141.05 on Tuesday. The business's fifty day simple moving average is $138.09 and its 200 day simple moving average is $139.12. The firm has a market capitalization of $173.41 billion, a P/E ratio of 40.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.29. Amphenol Corporation has a 12 month low of $79.10 and a 12 month high of $167.04. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.11. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The business's revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, analysts anticipate that Amphenol Corporation will post 4.49 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol's payout ratio is presently 28.74%.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of the business's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by insiders.

About Amphenol

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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