5 Best Electronic Components Stocks to Buy Now

3. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 34

Connecticut-based Amphenol Corporation (NYSE:APH) makes interconnect systems, printed circuits, sensors, among other products. In April Amphenol Corporation (NYSE:APH) posted first quarter results according to which the company’s adjusted EPS in the quarter came in at $0.69 surpassing estimates by $0.02. Revenue in the period jumped 0.7% year over year to $2.97 billion, beating estimates by $60 million.

For the second quarter Amphenol Corporation (NYSE:APH) expects its sales to come in the range of $2.890 billion to $2.950 billion versus $3.07 billion consensus.

A total of 34 hedge funds tracked by Insider Monkey were long Amphenol Corporation (NYSE:APH) as of the end of the first quarter of 2023.

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Amphenol Corporation (NYSE:APH) in its Q4 2022 investor letter:

“More positive was the 14% rise by Amphenol Corporation (NYSE:APH), a producer and supplier of electrical and fiber optic connectors. Third quarter earnings surpassed expectations, with strong demand across nearly all end markets. Despite signs of macroeconomic weakness, management increased its quarterly dividend while continuing the share repurchase program.”