Varenne Capital Partners Acquires 656,218 Shares of Amphenol Corporation $APH

Varenne Capital Partners grew its holdings in Amphenol Corporation (NYSE:APH) by 558.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 773,745 shares of the electronics maker’s stock after acquiring an additional 656,218 shares during the period. Amphenol comprises approximately 13.3% of Varenne Capital Partners’ holdings, making the stock its 2nd biggest holding. Varenne Capital Partners’ holdings in Amphenol were worth $76,407,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in APH. Bell Investment Advisors Inc raised its position in Amphenol by 19.2% in the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 95 shares during the period. CENTRAL TRUST Co grew its stake in shares of Amphenol by 9.4% in the second quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock valued at $113,000 after buying an additional 98 shares in the last quarter. Tranquility Partners LLC raised its holdings in shares of Amphenol by 0.8% during the 2nd quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock valued at $1,322,000 after buying an additional 107 shares during the period. EWA LLC lifted its position in Amphenol by 2.3% during the 2nd quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock worth $514,000 after acquiring an additional 115 shares in the last quarter. Finally, Coign Capital Advisors LLC grew its position in Amphenol by 1.1% in the second quarter. Coign Capital Advisors LLC now owns 10,561 shares of the electronics maker’s stock valued at $1,043,000 after acquiring an additional 116 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of APH opened at $130.50 on Friday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The stock has a fifty day moving average price of $129.35 and a 200 day moving average price of $109.65. The company has a market cap of $159.73 billion, a P/E ratio of 43.50, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. On average, research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 258,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the transaction, the chief financial officer owned 167,695 shares of the company’s stock, valued at $24,013,924. This represents a 60.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,123,270 shares of company stock valued at $152,357,247. 1.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on APH. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Truist Financial boosted their price target on Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and increased their target price for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Evercore ISI increased their price objective on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Citigroup boosted their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

About Amphenol

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.