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Andra AP fonden lifted its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 96.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,588 shares of the electronics maker’s stock after buying an additional 117,453 shares during the period. Andra AP fonden’s holdings in Amphenol were worth $30,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Amphenol by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 126,553,498 shares of the electronics maker’s stock valued at $17,102,440,000 after buying an additional 1,322,682 shares during the period. J. Stern & Co. LLP lifted its holdings in shares of Amphenol by 9,435.8% during the 4th quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker’s stock valued at $10,374,670,000 after acquiring an additional 75,964,718 shares in the last quarter. State Street Corp boosted its position in Amphenol by 1.6% during the 4th quarter. State Street Corp now owns 56,913,598 shares of the electronics maker’s stock worth $7,705,440,000 after purchasing an additional 888,526 shares during the period. JPMorgan Chase & Co. boosted its position in Amphenol by 102.7% during the 4th quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker’s stock worth $4,638,701,000 after purchasing an additional 17,387,536 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Amphenol by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker’s stock valued at $4,087,372,000 after purchasing an additional 748,813 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Down 0.5% NYSE:APH opened at $150.50 on Tuesday. The stock has a market cap of $185.15 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. Amphenol Corporation has a one year low of $95.19 and a one year high of $178.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The business’s 50-day simple moving average is $150.36 and its 200 day simple moving average is $144.16.

Amphenol (NYSE:APH – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.Amphenol’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, sell-side analysts predict that Amphenol Corporation will post 4.87 earnings per share for the current fiscal year.

Amphenol Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is currently 28.74%.

Insider Buying and Selling at Amphenol In other news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird set a $177.00 target price on Amphenol in a research note on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and set a $215.00 price target on shares of Amphenol in a research report on Thursday, April 30th. TD Cowen restated a “hold” rating and issued a $175.00 price target (up from $135.00) on shares of Amphenol in a report on Monday, July 13th. Finally, Jefferies Financial Group increased their price objective on shares of Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Get Our Latest Stock Report on APH

Amphenol Company Profile (Free Report)

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.

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Key Takeaways AI demand is powering APH, but most revenues still come from non-AI markets.Aerospace, automotive and industrial businesses provide additional growth drivers.CommScope deal expands Amphenol's reach across broadband and data infrastructure. Amphenol Corporation (APH - Free Report) is riding a powerful wave of AI-driven data center spending, but the story goes well beyond AI. The bigger question is whether the company's diverse end markets can keep growth humming when AI demand eventually cools.

Management does not exactly break out AI revenues, but recent results leave little doubt that AI-related IT Datacom demand is doing much of the heavy lifting. First-quarter 2026 sales jumped 58% year over year to $7.6 billion, while orders climbed to $9.4 billion, resulting in a book-to-bill ratio of 1.24. The Communications Solutions segment, which houses the IT Datacom business, grew 88% and accounted for roughly 60% of total sales.

That growth has fueled investor enthusiasm, but it has also raised expectations. APH trades at 32.11X forward earnings, above both its five-year median of 29.26X and the industry average of 31.92X.

Still, AI is not the whole story. IT Datacom represented just over 40% of first-quarter sales, meaning a majority of revenues came from other markets. Automotive demand continues to benefit from rising electronic content per vehicle. Commercial aerospace is gaining from higher production at Boeing and Airbus, while defense spending remains healthy. Industrial demand is supported by factory automation and electrification. Meanwhile, the $10.5 billion acquisition of CommScope's Connectivity and Cable Solutions business broadens Amphenol's exposure to broadband and data infrastructure.

These businesses are unlikely to match AI's current pace of growth, but they should help Amphenol continue outgrowing many peers. That makes the company less dependent on AI than the market often assumes, though its premium valuation leaves little room for disappointment.

How Are Peers Diversifying?Among peers, TE Connectivity plc (TEL - Free Report) and Sensata Technologies Holding plc (ST - Free Report) are also pursuing diversification, though with different emphases.

TE Connectivity serves transportation, industrial equipment, aerospace, defense, energy and communications markets, benefiting from long-term trends such as EV adoption, factory automation and grid modernization. Sensata has expanded beyond its traditional base and now operates across automotive, industrials, and aerospace, defense and commercial equipment markets, with growing exposure to electrification, battery management systems and heavy vehicles. Still, both TE Connectivity and Sensata remain more reliant on transportation and industrial demand than APH.

APH’s Price Performance and EstimatesShares of Amphenol have gained 22.8% in the year-to-date period compared with the broader sector’s rise of 20%.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Amphenol’s 2026 earnings is pegged at $4.76 per share, implying a 42.5% jump from the year-ago period, followed by another 18.1% growth next year.

Image Source: Zacks Investment Research

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.