Truist Financial Corp Buys 16,031 Shares of Amphenol Corporation $APH

Key Points

• Truist Financial Corp increased its holdings in Amphenol Corporation by 6.5%, purchasing an additional 16,031 shares to a total of 262,281 shares, valued at about $25.9 million.
• Amphenol has received positive ratings from analysts, with nine analysts rating it a "Buy" and multiple firms raising their target prices, indicating strong investor confidence in its growth prospects.
• The company recently reported quarterly earnings of $0.81 EPS, exceeding expectations, and announced a quarterly dividend of $0.165, with a dividend yield of 0.5%.

Truist Financial Corp lifted its stake in Amphenol Corporation (NYSE:APH - Free Report) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 262,281 shares of the electronics maker's stock after purchasing an additional 16,031 shares during the period. Truist Financial Corp's holdings in Amphenol were worth $25,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in APH. Hughes Financial Services LLC bought a new position in shares of Amphenol in the 1st quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in Amphenol during the second quarter worth about $25,000. Avalon Trust Co lifted its holdings in Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after acquiring an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Amphenol during the first quarter worth about $28,000. Finally, Saudi Central Bank bought a new position in Amphenol during the first quarter worth about $31,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Amphenol in a report on Saturday, September 27th. Robert W. Baird lifted their target price on Amphenol from $118.00 to $127.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. UBS Group lifted their target price on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Citigroup reiterated a "buy" rating and set a $145.00 target price (up from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group set a $139.00 price target on Amphenol and gave the company a "buy" rating in a report on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Amphenol Stock Performance

Shares of Amphenol stock opened at $122.28 on Friday. The firm has a market cap of $149.29 billion, a price-to-earnings ratio of 48.72, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17. The stock's 50-day moving average is $113.91 and its 200-day moving average is $94.15. Amphenol Corporation has a one year low of $56.45 and a one year high of $126.06. 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 (NYSE:APH - Get Free Report) last released its earnings results 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. The business had revenue of $5.65 billion for 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%.Amphenol's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Equities analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given 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 dividend yield of 0.5%. Amphenol's payout ratio is currently 26.29%.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction that occurred on 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 owned 12,500 shares of the company's stock, valued at $1,380,250. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. 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 three months. Insiders own 1.67% of the company's stock.

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.

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