Brevan Howard Capital Management LP Invests $44.37 Million in Amphenol Corporation $APH

Brevan Howard Capital Management LP purchased a new stake in Amphenol Corporation (NYSE:APH) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 449,345 shares of the electronics maker’s stock, valued at approximately $44,373,000. Amphenol accounts for 0.2% of Brevan Howard Capital Management LP’s investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds also recently bought and sold shares of APH. Motive Wealth Advisors purchased a new position in shares of Amphenol during the second quarter valued at $215,000. LeConte Wealth Management LLC acquired a new stake in Amphenol during the 2nd quarter worth about $399,000. Advyzon Investment Management LLC increased its holdings in shares of Amphenol by 101.6% in the 2nd quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after purchasing an additional 3,051 shares during the period. New York Life Investment Management LLC lifted its position in shares of Amphenol by 1.6% in the second quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after purchasing an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC purchased a new position in Amphenol during the second quarter valued at approximately $482,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and upped their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, October 15th. Robert W. Baird set a $139.00 price target on Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.54.

Insider Buying and Selling

In other news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares in the company, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. The trade was a 90.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,063,194 shares of company stock valued at $148,244,445 in the last quarter. Insiders own 1.67% of the company’s stock.

Amphenol Stock Down 7.1%

Shares of APH stock opened at $129.15 on Friday. The stock’s 50 day simple moving average is $134.44 and its 200 day simple moving average is $115.65. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market capitalization of $158.09 billion, a price-to-earnings ratio of 43.05, a PEG ratio of 1.09 and a beta of 1.19.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. As a group, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio is currently 22.00%.

Amphenol Profile

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.