Traders Purchase Large Volume of Amphenol Put Options (NYSE:APH)

Key Points

• Amphenol saw unusually heavy bearish options activity: Traders purchased 18,401 put options, roughly 107% above the average volume of 8,909.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $96, despite shares slipping 1.3% to $80.24.
• Amphenol reported stronger-than-expected quarterly results, with revenue up 55% year over year, while insiders sold more than 2.09 million shares worth approximately $172.3 million over the past 90 days.

Amphenol Corporation (NYSE:APH - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Traders purchased 18,401 put options on the stock. This represents an increase of approximately 107% compared to the average volume of 8,909 put options.

Wall Street Analyst Weigh In

APH has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Amphenol from $100.00 to $107.50 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Bank of America boosted their price target on shares of Amphenol from $90.00 to $92.50 and gave the company a "buy" rating in a report on Thursday, July 9th. Truist Financial upped their price target on shares of Amphenol from $100.00 to $107.50 and gave the company a "buy" rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, BNP Paribas Exane upped their target price on Amphenol from $100.00 to $107.50 and gave the company an "outperform" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $96.00.

Amphenol Stock Down 1.3%

Shares of NYSE:APH traded down $1.10 during midday trading on Thursday, hitting $80.24. 2,416,748 shares of the stock were exchanged, compared to its average volume of 18,009,564. The company has a market capitalization of $197.88 billion, a PE ratio of 40.25, a P/E/G ratio of 1.30 and a beta of 1.24. Amphenol has a 52-week low of $58.67 and a 52-week high of $89.26. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.41 and a current ratio of 1.89. The business's fifty day simple moving average is $80.33 and its two-hundred day simple moving average is $74.14.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.26 billion. Amphenol had a return on equity of 39.87% and a net margin of 17.73%.The business's revenue was up 55.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, research analysts predict that Amphenol will post 2.63 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 22nd. Amphenol's payout ratio is currently 25.00%.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig Lampo sold 386,400 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $83.66, for a total value of $32,324,292.00. Following the transaction, the chief financial officer owned 181,330 shares of the company's stock, valued at approximately $15,169,161.15. This represents a 68.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lance D'Amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $81.00, for a total value of $8,099,500.00. Following the sale, the executive vice president directly owned 114,130 shares of the company's stock, valued at approximately $9,243,959.35. This represents a 46.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,098,608 shares of company stock worth $172,316,688. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Amphenol by 16.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 895,090 shares of the electronics maker's stock valued at $157,807,000 after acquiring an additional 128,320 shares during the last quarter. Tortoise Investment Management LLC acquired a new stake in Amphenol in the 2nd quarter worth approximately $288,000. Sequoia Financial Advisors LLC lifted its holdings in Amphenol by 5.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 48,655 shares of the electronics maker's stock worth $8,579,000 after purchasing an additional 2,413 shares during the last quarter. Van Hulzen Asset Management LLC bought a new stake in Amphenol during the second quarter worth approximately $212,000. Finally, IPG Investment Advisors LLC acquired a new position in Amphenol during the second quarter valued at approximately $2,435,000. Institutional investors and hedge funds own 97.01% of the company's stock.

About Amphenol

Amphenol Corporation NYSE: APH is a global manufacturer of interconnect, sensor and antenna solutions. Its products enable the transmission of power, data and signals in electronic and electrical systems, including connectors, cable assemblies, backplanes, antennas, sensors and related components.

The company serves a broad range of markets, including aerospace and defense, automotive, information technology and data communications, industrial equipment, mobile networks, medical devices, and consumer electronics.

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