Gotham Asset Management Adds $21M in Amphenol Corporation ($APH)
Gotham Asset Management increased its investment in Amphenol Corporation by 34%, reflecting confidence in the electronic components firm.
Key Points
- Gotham Asset Management added 121,044 shares of Amphenol, raising its position by 34% to 474,932 shares worth $73 million.
- Amphenol trades near $153.80 with a market cap of $189 billion, a P/E ratio of 44.2, and a forward P/E of 27.0.
- Analysts maintain a positive outlook on Amphenol, with multiple 'buy' ratings and a consensus target price of $183.28.
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Gotham Asset Management increased its stake in Amphenol Corporation (NYSE: APH) by 34% as of its latest SEC filing. The fund added 121,044 shares, bringing its total to 474,932 shares valued at approximately $73 million. This move suggests a strong vote of confidence in the electronic components company.
What Changed in Gotham Asset Management's Amphenol Position
Gotham Asset Management boosted its holdings in Amphenol by 121,044 shares, resulting in a 34% increase. The fund now holds 474,932 shares, up from 353,888 shares previously. The current value of this position is about $73 million, reflecting a significant investment in the company.
Other Institutional Activity in Amphenol
Among Amphenol's other institutional investors, BlackRock, Inc. trimmed its holdings by 4.2 million shares, leaving it with 101.97 million shares valued at about $12.88 billion. Vanguard Capital Management LLC significantly increased its position, adding nearly 79.88 million shares to hold the same number, worth approximately $10.09 billion. Meanwhile, FMR LLC reduced its stake by 6.94 million shares, now holding 79.48 million shares valued at $10.04 billion. State Street Corp increased its holdings slightly by 482,820 shares to a total of 57.40 million shares valued at $7.27 billion. JPMorgan Chase & Co made a substantial addition, gaining 14.95 million shares to hold 49.27 million shares valued at $5.87 billion.
Amphenol Corporation Stock Up 11.8%
Shares of Amphenol Corporation are trading near $153.80. The company boasts a market cap of $189 billion, with a P/E ratio of 44.2 and a forward P/E of 27.0, indicating strong profitability expectations. The stock has seen a 52-week low of $92.08 and a high of $167.04. It has a 50-day moving average of $139.66 and a 200-day moving average of $135.31. With a beta of 1.275, Amphenol shows moderate volatility compared to the broader market.
$APH stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Amphenol reported revenues of $25.90 billion, reflecting a growth rate of 58.4%. The company's net margin stands at 17.2%, with a return on equity of 36.8%. Earnings per share are reported at $3.48. The next earnings release is anticipated on July 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 11.3%. Revenue beat estimates by 6.5%.
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Profit surprise
EBITDA beat by 10 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin up 2.6 points. Operating margin up 1.8 points. Positive free cash flow.
Earnings Call Summary
Amphenol delivered record $7.6 billion revenue in Q1 2026, up 58 percent year over year with organic growth of 33 percent. IT datacom surged 81 percent organically driven by AI demand and now represents 41 percent of sales. The company booked record $9.4 billion in orders with a 1.24 to 1 book-to-bill ratio. Adjusted operating margins hit 27.3 percent despite CommScope acquisition being margin dilutive. Management is confident in long-term AI data center opportunity with broad product portfolio including copper, power and optical solutions.
Guidance Management guided Q2 revenue of $8.1 to $8.2 billion and adjusted EPS of $1.14 to $1.16, representing 43 to 45 percent sales growth and 41 to 43 percent EPS growth versus last year. They expect IT datacom to grow low teens sequentially as AI data center investments accelerate.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Amphenol offers an annual dividend rate of $1.00 per share, yielding 0.66%. The dividend payout ratio is 23.85%, suggesting a sustainable dividend policy.
Insider Buying and Selling at Amphenol Corporation
Several insiders at Amphenol made stock purchases on May 22, 2026. Notably, President and CEO Richard Adam Norwitt acquired 464,989 shares. Other insiders, including Michael Ivas, SVP & Corporate Controller, and Craig Lampo, Executive VP & CFO, also bought shares, indicating internal confidence in the company's prospects.
Analysts Set New Price Targets
Analysts maintain a positive outlook on Amphenol. On May 4, 2026, Barclays maintained a 'buy' rating with a target price of $180. Similarly, JP Morgan and Truist Securities have set targets of $200, reaffirming their 'buy' ratings. The consensus target price among analysts is $183.28, with 18 analysts offering opinions, positioning Amphenol as a favorable option.
About Amphenol Corporation
Amphenol Corporation, headquartered in Wallingford, Connecticut, designs and manufactures connectors and interconnect systems. Serving various industries like automotive, aerospace, and communications, the company operates through segments including Communications Solutions and Harsh Environment Solutions. Led by CEO Richard Adam Norwitt, Amphenol employs about 170,000 people worldwide and continues to expand its global footprint in the electronic components sector.
Bottom Line
Gotham Asset Management's increased stake in Amphenol highlights investor confidence in the company's growth potential. As a leader in the electronic components industry, Amphenol's strong market position and consistent earnings performance make it a closely watched stock. Remember, 13F filings reflect past positions and may not indicate current holdings.
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