Amphenol Corporation (APH) has surged significantly, backed by rapid growth in data centre construction. The company's shares witnessed a boost from various entities such as Empowered Funds LLC, Kanawha Capital Management LLC and Consolidated Planning Corp significantly increasing their stakes. Additionally, Amphenol completed the acquisition of OWN and DAS Businesses from CommScope, strengthening its portfolio. The company recently broke out above its 50-day and 20-day moving averages, reflecting a positive market sentiment. Amidst a technology selloff, Amphenol stands tall amongst the high performing chip stocks. A projection by Evercore ISI shows a potential 10%+ EPS upside by 2025 driven by AI growth and a recovering industry. With an increase in AI-driven connector sales, Amphenol continues leading the charge in AI server connectivity and data centre solutions. A transaction closed with CommScope Holding Company has bolstered Amphenol's financial status. In Q4 2024, the company reported record sales and saw a reported 21% sales growth in FY 2024. Strong Q4 results, the company's impressive dividend announcement, significant EPS growth forecast, and its positioning to benefit from NVIDIA’s Blackwell ramp-up suggest a promising future.
Amphenol Corporation APH News Analytics from Sat, 20 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 12:40:03 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -2
