Truist Financial Corp Increases Holdings in Amphenol Corporation $APH

Key Points

• Amphenol beat Q1 estimates with $1.06 EPS vs. $0.95 expected and $7.62B revenue vs. $7.08B, and analysts have been raising price targets amid rising earnings estimates—the stock carries a "Moderate Buy" consensus and an average target of $176.53.
• Insider selling accelerated: CEO Richard Norwitt sold 17,500 shares on May 5, and insiders disposed of about 646,056 shares (~$94.6M) in the quarter, a potentially negative signal for sentiment.
• Truist increased its stake by 3.5% in Q4, buying 8,360 shares to hold 249,381 shares worth $33.7M.

Truist Financial Corp increased its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,381 shares of the electronics maker's stock after purchasing an additional 8,360 shares during the period. Truist Financial Corp's holdings in Amphenol were worth $33,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sun Financial Inc purchased a new stake in shares of Amphenol during the 4th quarter valued at about $369,000. Advisors Preferred LLC raised its holdings in shares of Amphenol by 123.3% during the 4th quarter. Advisors Preferred LLC now owns 58,048 shares of the electronics maker's stock valued at $8,110,000 after buying an additional 32,048 shares during the period. Core Alternative Capital raised its holdings in shares of Amphenol by 26,675.0% during the 4th quarter. Core Alternative Capital now owns 1,071 shares of the electronics maker's stock valued at $145,000 after buying an additional 1,067 shares during the period. Souders Financial Advisors raised its holdings in shares of Amphenol by 43.5% during the 4th quarter. Souders Financial Advisors now owns 2,930 shares of the electronics maker's stock valued at $396,000 after buying an additional 888 shares during the period. Finally, Dudley Capital Management LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at about $235,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on APH shares. Piper Sandler set a $165.00 target price on Amphenol in a report on Tuesday, March 17th. Robert W. Baird set a $177.00 price objective on shares of Amphenol in a research report on Thursday, April 30th. Evercore upped their price objective on shares of Amphenol from $165.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Seaport Research Partners reissued a "buy" rating and issued a $215.00 price objective on shares of Amphenol in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average target price of $176.53.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 646,056 shares of company stock worth $94,594,783 in the last quarter. 1.42% of the stock is owned by corporate insiders.

Amphenol News Roundup

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Analysts are raising forecasts and price targets, signaling upside from higher earnings expectations — BNP Paribas Exane raised its APH target to $195 and several outlets note a consensus upside (~27.7%) driven by earnings-revision momentum. BNP Paribas price target raise
• Positive Sentiment: Street research highlights rising earnings estimates for APH, which typically supports higher valuations and buy-side interest. Zacks and other outlets flag “surging earnings estimates” as a near-term upside driver. Zacks on estimates
• Positive Sentiment: Momentum in Amphenol shares contributed to index/ETF positioning (Russell 1000 tech focus), which can amplify flows into the stock when analysts upgrade or estimates tick up. Kalkine on momentum
• Neutral Sentiment: Amphenol priced €1.1B of Euro-denominated senior notes (€600M due 2029 at 3.375%, €500M due 2034 at 3.875%). Low fixed rates help refinance/finance growth affordably, but add gross debt that investors may weigh against leverage metrics. Business Wire: senior notes
• Negative Sentiment: Insider selling: CEO Richard A. Norwitt disclosed multiple sales (May 1, 4, 5) totaling ~130,000+ shares across the period at ~$142–$144 — sizable dollar amounts were liquidated. While insider sales can be routine (liquidity/tax reasons), clustered CEO sales often weigh on sentiment and likely contributed to downward pressure today. SEC filing: CEO sales

Amphenol Stock Performance

Shares of APH stock opened at $136.70 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. Amphenol Corporation has a one year low of $79.10 and a one year high of $167.04. The company's 50-day simple moving average is $137.80 and its 200-day simple moving average is $139.20. The stock has a market capitalization of $168.06 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 1.27 and a beta of 1.29.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.95 by $0.11. The business had revenue of $7.62 billion for the quarter, compared to analysts' expectations of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The company's quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Equities analysts anticipate that Amphenol Corporation will post 4.62 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Amphenol Company Profile

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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