Rep. James Comer Purchases Shares of Amphenol Co. (NYSE:APH)

Representative James Comer (R-Kentucky) recently bought shares of Amphenol Co. (NYSE:APH). In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amphenol stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/2/2025.

Amphenol Trading Up 2.6 %

Shares of NYSE:APH opened at $70.11 on Wednesday. The company has a market capitalization of $84.53 billion, a PE ratio of 40.29, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12-month low of $47.38 and a 12-month high of $75.78. The business’s fifty day simple moving average is $72.01 and its 200-day simple moving average is $67.69.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, equities research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Hedge Funds Weigh In On Amphenol

A number of institutional investors have recently bought and sold shares of APH. Massachusetts Financial Services Co. MA increased its position in shares of Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after acquiring an additional 5,293,292 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Amphenol by 81.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,775,417 shares of the electronics maker’s stock worth $321,720,000 after acquiring an additional 2,150,354 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the period. Finally, Two Sigma Advisers LP acquired a new stake in Amphenol in the 3rd quarter valued at approximately $113,828,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. 1.80% of the stock is owned by company insiders.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer “instrumental in the final passage of a five-year farm bill,” noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

Amphenol Company 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.