Amphenol (NYSE:APH) Stock Falls 2.7% - Here's Why

Key Points

• Amphenol shares fell 2.7% to about $79.33 in heavy trading, while the stock remains below its 50-day moving average but above its 200-day average.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $98.56, despite one recent downgrade to “Hold.”
• The company reported strong quarterly results, beating EPS and revenue estimates with revenue up 55% year over year, and declared a quarterly dividend of $0.25 per share. However, insiders sold more than $172 million of stock over the past 90 days.

Amphenol Corporation (NYSE:APH - Get Free Report)'s share price traded down 2.7% during trading on Friday. The company traded as low as $79.21 and last traded at $79.3280. Approximately 11,810,023 shares traded hands during trading, a decline of 32% from the average session volume of 17,252,217 shares. The stock had previously closed at $81.49.

Analysts Set New Price Targets

Several analysts have issued reports on APH shares. Robert W. Baird upped their price objective on Amphenol from $88.50 to $95.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Wolfe Research initiated coverage on Amphenol in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $105.00 price target on the stock. Zacks Research downgraded Amphenol from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Citigroup reiterated a "buy" rating and issued a $112.00 price objective (up from $105.00) on shares of Amphenol in a report on Thursday, October 8th. Finally, Barclays reissued an "overweight" rating and issued a $100.00 price objective (down from $200.00) on shares of Amphenol in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $98.56.

Amphenol Stock Down 2.7%

The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 1.10. The firm's 50 day simple moving average is $82.35 and its two-hundred day simple moving average is $76.98. The firm has a market cap of $195.62 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.11 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.08. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The business's revenue was up 55.0% compared to the same quarter last year. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. On average, equities analysts forecast that Amphenol Corporation will post 2.67 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 22nd were given a $0.25 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Amphenol's dividend payout ratio (DPR) is presently 25.00%.

Insider Buying and Selling

In related news, EVP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.00, for a total value of $8,099,500.00. Following the transaction, the executive vice president directly owned 114,130 shares of the company's stock, valued at $9,243,959.35. This trade represents a 46.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David M. Silverman sold 240,000 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $87.12, for a total value of $20,908,800.00. Following the sale, the executive vice president owned 31,344 shares of the company's stock, valued at $2,730,689.28. The trade was a 88.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,098,608 shares of company stock worth $172,316,688 in the last ninety days. 1.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in Amphenol by 24.2% in the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker's stock valued at $12,107,146,000 after purchasing an additional 13,884,641 shares during the last quarter. Wellington Management Group LLP grew its holdings in Amphenol by 10.5% during the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker's stock worth $2,923,371,000 after acquiring an additional 1,578,248 shares during the last quarter. Corient Private Wealth LP grew its holdings in Amphenol by 3,010.0% during the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker's stock worth $2,898,248,000 after acquiring an additional 15,908,901 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Amphenol by 4.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker's stock valued at $1,710,939,000 after acquiring an additional 416,388 shares during the period. Finally, Jupiter Topco LLC bought a new position in shares of Amphenol during the second quarter valued at $1,600,531,000. 97.01% of the stock is owned by institutional investors.

Amphenol Company Profile

Amphenol Corporation NYSE: APH designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, sensors and antenna solutions. Its products enable the transmission of power, signals and data in applications that include high-speed communications, industrial equipment, transportation systems and electronic devices.

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

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