Why Amphenol (APH) Stock Is Trading Up Today

What Happened?

Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 5.3% in the afternoon session after BNP Paribas Exane increased its price target on the stock to $134 from $121. 

The firm maintained its "Outperform" rating, signaling continued confidence in the electronic components manufacturer. This positive sentiment from the analyst community aligns with Amphenol's strong business outlook. The company anticipates third-quarter 2025 revenues between $5.4 billion and $5.5 billion, representing growth of 34% to 36% year-over-year. Expected earnings are forecasted to be between 77 and 79 cents per share, a jump of 54% to 58% from the previous year. This growth is largely driven by increasing demand for high-speed interconnects, which are essential for artificial intelligence workloads and cloud infrastructure upgrades.

The shares closed the day at $116.80, up 5.6% from previous close.

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What Is The Market Telling Us

Amphenol’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 11 days ago when the stock dropped 3% on the news that markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record. Adding to the pressure, new inflation data, specifically the Core PCE, showed an acceleration in July, signaling that rising prices remain a risk despite being in line with expectations. This confluence of factors, including market highs heading into a historically weak September, led to a pullback, with the Nasdaq Composite shedding 1.15%. While the Federal Reserve has hinted at potential rate cuts, the focus on inflation and the jobs market continues to influence investor sentiment.

Amphenol is up 69.2% since the beginning of the year, and at $116.75 per share, has set a new 52-week high. Investors who bought $1,000 worth of Amphenol’s shares 5 years ago would now be looking at an investment worth $4,373.

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