Amphenol (NYSE:APH) Shares Down 1.2% - Should You Sell?

Key Points

• Amphenol shares fell 1.2% to $77.61, below the 50-day moving average of $80.23 but above the 200-day average of $74.27.
• Analysts remain broadly bullish, with an average “Buy” rating and a $96 price target; JPMorgan and Truist recently raised their targets to $107.50.
• The company surpassed quarterly earnings and revenue expectations, while declaring a $0.25 quarterly dividend. However, insiders sold approximately $172.3 million of stock over the last quarter, including sizable sales by the CEO and CFO.

Amphenol Corporation (NYSE:APH - Get Free Report) was down 1.2% during trading on Tuesday . The company traded as low as $77.09 and last traded at $77.61. 8,666,123 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 17,945,813 shares. The stock had previously closed at $78.55.

Analysts Set New Price Targets

APH has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amphenol in a research report on Friday, July 17th. Zacks Research upgraded Amphenol from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $100.00 to $107.50 and gave the company an "overweight" rating in a report on Thursday, July 16th. Truist Financial increased their price objective on Amphenol from $100.00 to $107.50 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $96.00.

Amphenol Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average price of $80.23 and a 200-day moving average price of $74.27. The stock has a market capitalization of $191.38 billion, a PE ratio of 38.90, a PEG ratio of 1.16 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.26 billion. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The firm's revenue was up 55.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. Research analysts expect that Amphenol Corporation will post 2.66 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Amphenol's dividend payout ratio is presently 25.00%.

Insiders Place Their Bets

In related news, CEO Richard Norwitt sold 1,000,000 shares of Amphenol stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $80.78, for a total value of $80,785,000.00. Following the sale, the chief executive officer directly owned 3,855,014 shares in the company, valued at approximately $311,427,305.99. The trade was a 20.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig Lampo sold 386,400 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer owned 181,330 shares of the company's stock, valued at $15,169,161.15. The trade was a 68.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,098,608 shares of company stock worth $172,316,688. Corporate insiders own 1.42% of the company's stock.

Hedge Funds Weigh In On Amphenol

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J. Stern & Co. LLP raised its position in shares of Amphenol by 9,435.8% in the 4th quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker's stock valued at $10,374,670,000 after purchasing an additional 75,964,718 shares in the last quarter. State Street Corp increased its position in shares of Amphenol by 1.6% in the 4th quarter. State Street Corp now owns 56,913,598 shares of the electronics maker's stock worth $7,705,440,000 after purchasing an additional 888,526 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Amphenol by 102.7% during the fourth quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker's stock worth $4,638,701,000 after purchasing an additional 17,387,536 shares during the last quarter. Geode Capital Management LLC increased its holdings in Amphenol by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker's stock valued at $4,087,372,000 after buying an additional 748,813 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Amphenol by 31.5% in the 4th quarter. Capital International Investors now owns 23,680,749 shares of the electronics maker's stock worth $3,200,276,000 after acquiring an additional 5,674,225 shares in the last quarter. 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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