Cartenna Capital LP Invests $83.53 Million in Amphenol Corporation $APH

Cartenna Capital LP bought a new stake in Amphenol Corporation (NYSE:APH) in the third quarter, HoldingsChannel reports. The fund bought 675,000 shares of the electronics maker’s stock, valued at approximately $83,531,000. Amphenol accounts for 2.4% of Cartenna Capital LP’s portfolio, making the stock its 8th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in APH. Norges Bank purchased a new stake in Amphenol in the second quarter valued at approximately $2,104,244,000. Capital International Investors boosted its holdings in shares of Amphenol by 446.9% in the third quarter. Capital International Investors now owns 18,006,524 shares of the electronics maker’s stock valued at $2,228,288,000 after acquiring an additional 14,714,177 shares during the period. Capital Research Global Investors grew its position in shares of Amphenol by 106.9% during the third quarter. Capital Research Global Investors now owns 15,523,085 shares of the electronics maker’s stock worth $1,920,982,000 after acquiring an additional 8,021,284 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Amphenol by 693.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,279,457 shares of the electronics maker’s stock valued at $900,833,000 after acquiring an additional 6,362,533 shares during the period. Finally, Holocene Advisors LP raised its position in Amphenol by 201.2% in the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock valued at $381,909,000 after purchasing an additional 2,583,628 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 515,281 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the completion of the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. This represents a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial set a $182.00 price target on shares of Amphenol in a research note on Tuesday, January 13th. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Evercore reiterated an “outperform” rating and set a $165.00 target price on shares of Amphenol in a research note on Tuesday, January 20th. Wall Street Zen lowered Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, UBS Group reaffirmed a “buy” rating and set a $174.00 price objective (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $151.38.

Amphenol Stock Up 1.9%

Shares of Amphenol stock opened at $133.99 on Friday. Amphenol Corporation has a one year low of $56.45 and a one year high of $167.04. The company has a market cap of $164.70 billion, a P/E ratio of 40.12, a PEG ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.48 and a current ratio of 2.98. The firm has a fifty day moving average of $144.23 and a two-hundred day moving average of $134.67.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.19 billion. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The business’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. On average, analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s payout ratio is presently 29.94%.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.