Sompo Asset Management doubled stake in Amphenol Co.; strong Q2 earnings surpassed analyst expectations.

Sompo Asset Management Co. Ltd. doubled its stake in Amphenol Co. (NYSE:APH), acquiring 6,340 shares valued at $854,000. Various institutional investors, including Vanguard and Bank of New York Mellon, also increased their holdings. Amphenol reported strong Q2 earnings, with $0.44 EPS and $3.61 billion in revenue, surpassing analyst expectations. The company has a market cap of $79.17 billion and is largely owned by institutional investors.

September 21, 2024
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