State of Wyoming Purchases 6,234 Shares of Amphenol Corporation $APH

Key Points

• The State of Wyoming increased its holdings in Amphenol Corporation by 66.2%, acquiring an additional 6,234 shares, bringing its total to 15,654 shares valued at approximately $1,027,000.
• Analysts have raised target prices for Amphenol, with JPMorgan increasing it from $120.00 to $125.00, while UBS raised its target from $115.00 to $120.00, both issuing a positive rating.
• Amphenol reported $5.65 billion in revenue for the latest quarter, significantly exceeding analyst estimates, and the company also declared a quarterly dividend of $0.165 per share.

State of Wyoming lifted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 66.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,654 shares of the electronics maker's stock after buying an additional 6,234 shares during the period. State of Wyoming's holdings in Amphenol were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares during the last quarter. Bank of America Corp DE boosted its position in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position 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 purchasing an additional 11,092,282 shares during the last quarter. Wellington Management Group LLP boosted its position in Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock worth $798,163,000 after purchasing an additional 5,154,860 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Amphenol by 1.6% in the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock worth $603,362,000 after purchasing an additional 141,069 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

APH has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Citigroup upped their price target on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group upped their price target on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.62.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.39 during midday trading on Tuesday, reaching $109.25. 5,454,057 shares of the company traded hands, compared to its average volume of 8,357,327. 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 $112.35. The firm has a market capitalization of $133.39 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. The firm's fifty day moving average price is $104.51 and its two-hundred day moving average price is $85.43.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) 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 analyst estimates of $5.01 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's payout ratio is presently 26.29%.

Insiders Place Their Bets

In other Amphenol news, 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 value of $12,304,570.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lance E. D'amico sold 100,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the transaction, the vice president owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock valued at $73,369,357 over the last 90 days. 1.67% of the stock is owned by insiders.

Amphenol Company 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.