35 Chip Stocks In Focus Amid Tech Selloff

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10. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 72 

Amphenol Corporation (NYSE:APH) primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors. In the earnings of the fiscal year 2024, the company reported sales of $15.2 billion, showing an increase of 21% in US dollars and 13% organically compared to the full year 2023. In February, the company announced that it had completed the acquisition of CommScope’s Outdoor Wireless Networks (OWN) and Distributed Antenna Systems (DAS) businesses. R Adam Norwitt, Amphenol’s President and Chief Executive Officer, stated that the acquisition of the OWN and DAS businesses strengthens Amphenol’s portfolio of innovative and advanced technologies for communications networks. The acquisition is expected to be approximately $0.06 accretive to Amphenol’s 2025 earnings per share.

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