New York, January 13, 2026, 14:25 EST — Regular session
Amphenol Corp shares climbed 2.2%, hitting $148.28 in afternoon trading Tuesday, defying the broader market slump. The S&P 500 ETF SPY and the tech-focused QQQ both slipped roughly 0.4%.
The connector maker has been on the rise after finalizing its $10.5 billion acquisition of CommScope and as analysts updated their ratings on the stock. The spotlight remains on data-center and communications wiring — essentially the infrastructure behind the expansion — where even minor demand changes can swiftly alter the earnings outlook.
Amphenol announced on Monday that it has finalized its acquisition of CommScope’s Connectivity and Cable Solutions (CCS) business. CEO R. Adam Norwitt highlighted that the deal “adds significant fiber optic interconnect capabilities” for IT data communications and communications networks.
The company projects CCS will bring in roughly $4.1 billion in sales for full-year 2026 and add around $0.15 to diluted earnings per share that year, excluding acquisition-related costs. A filing revealed the purchase price was approximately $10.5 billion in cash, with post-closing adjustments yet to be finalized.
Barclays analyst Guy Hardwick bumped Amphenol to Overweight from Equal-Weight and lifted his price target to $156 from $143, Benzinga reported. In analyst speak, Overweight signals he expects the stock to beat its peers.
Barclays highlighted “strong tailwinds” from content in data center AI architectures in a note shared by TheFly, adding that the CCS deal is moving ahead of expectations. (TipRanks)
Citi analyst Asiya Merchant bumped her price target to $175 from $160 while maintaining a Buy rating. She described herself as “constructive” on connector companies heading into 2026, noting stronger end demand.
Truist bumped its price target up to $182 from $180 and maintained a Buy rating, highlighting that the CommScope deal should boost sales by 17%. The firm also praised Amphenol’s acquisition history as “excellent.”
The stock rose 3.5% Monday, closing at $145.11 for its second day up in a row, with volume surpassing its 50-day average, according to MarketWatch data. (MarketWatch)
TE Connectivity climbed 1.2% Tuesday, providing a glimpse into overall demand for connectors and related parts.
The CCS integration marks a major shift, and Amphenol’s forward-looking statements highlight risks like employee retention and potential disruptions post-close. A slowdown in data-center spending or a rough customer and supply chain transition could put pressure on the stock after its recent surge.
Amphenol is set to release its quarterly earnings on Jan. 28 before the market opens. Investors will be focusing on early CCS contributions and the company’s outlook for demand in 2026. (Nasdaq)
