Amphenol Corp. (APH) Reaches New 12-Month High at $60.50
Amphenol Corp. (NYSE:APH) reached a new 52-week high during trading on Thursday . The stock traded as high as $60.50 and last traded at $60.41, with a volume of 428,825 shares trading hands. The stock had previously closed at $60.11.
Several research firms recently issued reports on APH. RBC Capital Markets reissued a “top pick” rating and issued a $63.00 target price (up from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Zacks Investment Research raised shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Friday, July 22nd. Royal Bank Of Canada increased their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a report on Thursday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $63.00 target price (up from $52.00) on shares of Amphenol Corp. in a report on Thursday, April 21st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $66.33.
The company has a market capitalization of $18.64 billion and a price-to-earnings ratio of 24.84. The stock’s 50 day moving average price is $58.38 and its 200 day moving average price is $56.33.
Amphenol Corp. (NYSE:APH) last released its earnings results on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. During the same period last year, the firm earned $0.58 EPS. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amphenol Corp. will post $2.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.93%.
In related news, VP Martin Booker sold 21,200 shares of Amphenol Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $59.11, for a total transaction of $1,253,132.00. Following the completion of the sale, the vice president now owns 6,400 shares of the company’s stock, valued at $378,304. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 22,000 shares of Amphenol Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total value of $1,321,540.00. Following the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $2,102,450. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. American International Group Inc. increased its stake in Amphenol Corp. by 2.8% in the fourth quarter. American International Group Inc. now owns 109,767 shares of the company’s stock worth $5,733,000 after buying an additional 2,943 shares during the period. BlackRock Advisors LLC increased its position in shares of Amphenol Corp. by 24.1% in the fourth quarter. BlackRock Advisors LLC now owns 468,452 shares of the company’s stock worth $24,468,000 after buying an additional 90,987 shares during the last quarter. Utah Retirement Systems increased its position in shares of Amphenol Corp. by 0.4% in the fourth quarter. Utah Retirement Systems now owns 55,432 shares of the company’s stock worth $2,895,000 after buying an additional 200 shares during the last quarter. Employees Retirement System of Texas increased its position in shares of Amphenol Corp. by 17.0% in the fourth quarter. Employees Retirement System of Texas now owns 23,400 shares of the company’s stock worth $1,222,000 after buying an additional 3,400 shares during the last quarter. Finally, TrimTabs Asset Management LLC increased its position in shares of Amphenol Corp. by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 41,365 shares of the company’s stock worth $2,160,000 after buying an additional 771 shares during the last quarter.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.
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