Amphenol Corp. (NYSE:APH) hit a new 52-week high during mid-day trading on Thursday . The company 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.

APH has been the topic of a number of recent research reports. Zacks Investment Research lowered Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada lifted their target price on Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research report on Thursday, July 21st. RBC Capital Markets reissued a “top pick” rating and issued a $63.00 target price (up previously from $61.00) on shares of Amphenol Corp. in a research report on Friday, July 22nd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $63.00 target price (up previously from $52.00) on shares of Amphenol Corp. in a research report on Thursday, April 21st. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $66.33.

The company has a 50-day moving average of $58.40 and a 200 day moving average of $56.41. The firm has a market capitalization of $18.65 billion and a P/E ratio of 24.85.

Amphenol Corp. (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. During the same quarter in the previous year, the company posted $0.58 EPS. The firm earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. The firm’s revenue was up 14.6% on a year-over-year basis. Analysts anticipate that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.93%.

In other Amphenol Corp. news, SVP Richard Schneider sold 22,400 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $58.00, for a total value of $1,299,200.00. Following the transaction, the senior vice president now owns 93,274 shares in the company, valued at $5,409,892. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 185,259 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $57.70, for a total value of $10,689,444.30. Following the completion of the transaction, the chief executive officer now owns 145,992 shares in the company, valued at approximately $8,423,738.40. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in the company. American International Group Inc. raised its position in shares of Amphenol Corp. by 2.8% in the fourth quarter. American International Group Inc. now owns 109,767 shares of the company’s stock valued at $5,733,000 after buying an additional 2,943 shares during the last quarter. BlackRock Advisors LLC raised 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 valued at $24,468,000 after buying an additional 90,987 shares during the last quarter. Utah Retirement Systems raised 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 valued at $2,895,000 after buying an additional 200 shares during the last quarter. Employees Retirement System of Texas raised 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 valued at $1,222,000 after buying an additional 3,400 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised 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 valued at $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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