Traders Purchase Large Volume of Amphenol Put Options (NYSE:APH)

Amphenol Corporation (NYSE:APH) was the target of some unusual options trading activity on Thursday. Traders purchased 18,401 put options on the company. This represents an increase of 107% compared to the average volume of 8,909 put options.

Amphenol Price Performance

Shares of Amphenol stock traded down $1.10 during trading on Thursday, hitting $80.24. 2,416,748 shares of the company’s stock traded hands, compared to its average volume of 18,009,564. The company has a market cap of $197.88 billion, a PE ratio of 40.25, a PEG ratio of 1.30 and a beta of 1.24. The firm’s fifty day moving average price is $80.33 and its 200 day moving average price is $74.14. Amphenol has a twelve month low of $58.67 and a twelve month high of $89.26. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.41.

Amphenol (NYSE:APH) last posted its quarterly 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 analyst estimates of $8.26 billion. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The company’s quarterly revenue was up 55.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. Analysts forecast that Amphenol will post 2.63 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders 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 dividend yield of 1.2%. Amphenol’s dividend payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on Amphenol from $97.50 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Robert W. Baird upped their target price on shares of Amphenol from $88.50 to $95.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Zacks Research raised shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Evercore restated an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. Finally, Barclays restated an “overweight” rating and set a $100.00 price objective (down from $200.00) on shares of Amphenol in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Buy” and a consensus price target of $96.00.

Insider Activity

In other Amphenol news, EVP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.00, for a total transaction of $8,099,500.00. Following the completion of the sale, the executive vice president directly owned 114,130 shares in the company, valued at $9,243,959.35. This represents a 46.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Norwitt sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $80.78, for a total value of $80,785,000.00. Following the completion of the sale, the chief executive officer directly owned 3,855,014 shares in the company, valued at approximately $311,427,305.99. This represents a 20.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,098,608 shares of company stock valued at $172,316,688. 1.42% of the stock is owned by corporate insiders.

Institutional Trading of Amphenol

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in Amphenol by 16.7% in the second quarter. The Manufacturers Life Insurance Company now owns 895,090 shares of the electronics maker’s stock valued at $157,807,000 after acquiring an additional 128,320 shares during the period. Tortoise Investment Management LLC bought a new position in shares of Amphenol during the second quarter valued at $288,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Amphenol by 5.2% during the second quarter. Sequoia Financial Advisors LLC now owns 48,655 shares of the electronics maker’s stock valued at $8,579,000 after acquiring an additional 2,413 shares during the period. Van Hulzen Asset Management LLC acquired a new stake in shares of Amphenol in the 2nd quarter valued at $212,000. Finally, IPG Investment Advisors LLC bought a new stake in shares of Amphenol in the 2nd quarter worth about $2,435,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Company Profile

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.