Sun Sep 15 14:25:04 UTC 2024: ## Amphenol Sees Mixed Investor Interest as Institutional Holdings Shift

**New York, NY** – Amphenol Corporation (NYSE: APH), a leading manufacturer of electronic connectors, saw a mixed bag of investor activity in the second quarter of 2024, according to recent SEC filings.

While some major institutional investors increased their stakes in the company, Meeder Asset Management Inc. significantly reduced its holdings, selling 1,543 shares, resulting in a 64.5% decrease in its position. The firm now owns 848 shares of Amphenol, valued at $57,000.

Other notable changes include:

* **Vanguard Group Inc.** boosted its position in Amphenol by 0.4%, acquiring an additional 321,861 shares and owning a total of 73,459,971 shares worth $8,473,608,000.
* **Bank of New York Mellon Corp** increased its holdings in Amphenol by a substantial 92.0%, purchasing an additional 17,552,921 shares and bringing its total ownership to 36,637,988 shares valued at $2,468,301,000.
* **Price T Rowe Associates Inc. MD** grew its stake in Amphenol by 6.8%, acquiring 1,979,022 shares and now owning 31,224,036 shares worth $3,601,694,000.
* **Mawer Investment Management Ltd.** increased its holdings in Amphenol by 88.9%, purchasing 7,275,279 shares and now owning 15,455,006 shares valued at $1,041,204,000.
* **Norges Bank** made a new investment in Amphenol in the fourth quarter, acquiring shares worth approximately $1,078,167,000.

Overall, institutional investors and hedge funds now hold 97.01% of Amphenol’s stock.

Despite this mixed investor sentiment, analysts remain optimistic about the company’s prospects. Evercore ISI and Robert W. Baird reaffirmed “outperform” ratings, while UBS Group raised its price target. However, Stifel Nicolaus and Vertical Research issued “hold” ratings.

Amphenol recently reported strong second-quarter earnings, exceeding analyst expectations with earnings per share of $0.44 and revenue of $3.61 billion.

The company also declared a quarterly dividend of $0.165 per share, payable on October 9th. Notably, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on July 26th, raising concerns among some investors.

Amphenol’s stock opened at $63.58 on Friday, with a market cap of $76.57 billion. The company’s financial performance, investor activity, and analyst sentiment suggest continued interest in the electronics market, despite some uncertainties.

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