The Jensen Quality Growth Investment Team added Amphenol Corporation (ticker: APH) to the Quality Growth Strategy with an initial weighting of 1.5%. As of May 31, 2026, the Strategy had 27 holdings.
May 2026
Company Overview
Founded in 1932 as a developer of radio components, Amphenol Corporation is a designer and manufacturer of interconnect systems, sensors, and fiber optic and coaxial cable. With 125,000 employees worldwide, Amphenol is a technology leader serving a broad range of industries, including aerospace, industrial, automotive, technology hardware, and mobile device markets.
What Led Us to Buy Amphenol
The investment case for Amphenol is based on the company’s strong competitive position in the global market for interconnect and sensor products. Interconnect and sensor systems are used in a broad variety of end markets and applications, including mobile devices, information technology systems, automotive design, and industrial manufacturing. These products are increasingly critical for high bandwidth connectivity for AI-based data center applications. Amphenol’s manufacturing scale and reputation as a technology leader are beneficial in end markets with shorter product cycles and product design lead times.
Why Now
We liquidated the Jensen Quality Growth Strategy’s previous Amphenol holding in October 2025 at a price of $123.91 due to an elevated stock price valuation. With an improved growth outlook, we now view the shares as attractively valued and are pleased to resume a position in this high-quality growth business.
Outlook
We expect Amphenol to grow and create business value due to end market growth and technology leadership. End market activity is boosted by secular growth drivers including artificial intelligence model development, cloud computing, electric vehicle manufacturing, and industrial automation.
Strategy holdings are subject to change and should not be considered recommendations to buy or sell any security. Please click here for a listing of the Quality Growth Strategy’s current holdings.
The company discussion is solely intended to illustrate the application of our investment approach and is not to be considered a recommendation by Jensen. The specific security identified is taken from a representative account of the Jensen Quality Growth Strategy and does not represent all of the securities purchased and sold for the Strategy. Our views expressed herein are subject to change and should not be construed as a recommendation or offer to buy or sell any security and are not designed or intended as a basis or determination for making any investment decision for any security. Our discussions should not be construed as an indication that an investment in a security has been or will be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of any security discussed herein.
Certain information contained in this material represents or is based upon forward-looking statements, which can be identified by the use of terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of a client account may differ materially from those reflected or contemplated in such forward-looking statements.
This information is current as of the date of this material and is subject to change at any time, based on market and other conditions.
Jensen Investment Management, Inc., is an investment adviser registered under the Investment Advisers Act of 1940. Registration with the SEC does not imply any level of skill or training. Although taken from reliable sources, Jensen cannot guarantee the accuracy of the information received from third parties.
© 2026 Jensen Investment Management
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