Amphenol Corp. (APH) Sees Unusually-High Trading Volume
Amphenol Corp. (NYSE:APH) shares saw an uptick in trading volume on Thursday . 2,389,345 shares changed hands during trading, an increase of 113% from the previous session’s volume of 1,122,390 shares.The stock last traded at $60.51 and had previously closed at $59.96.
A number of brokerages recently issued reports on APH. Zacks Investment Research upgraded shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Friday, July 22nd. Deutsche Bank AG restated a “buy” rating and issued a $63.00 price target (up previously from $52.00) on shares of Amphenol Corp. in a research note on Thursday, April 21st. RBC Capital Markets restated a “top pick” rating and issued a $63.00 price target (up previously from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $66.33.
The firm’s 50 day moving average is $58.85 and its 200-day moving average is $56.74. The firm has a market capitalization of $18.68 billion and a PE ratio of 24.89.
Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts forecast that Amphenol Corp. will post $2.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%.
In other Amphenol Corp. news, VP Edward C. Wetmore sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $58.00, for a total transaction of $5,220,000.00. Following the completion of the sale, the vice president now owns 96,784 shares of the company’s stock, valued at $5,613,472. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luc Walter sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $60.38, for a total value of $2,113,300.00. Following the sale, the senior vice president now directly owns 125,528 shares of the company’s stock, valued at approximately $7,579,380.64. The disclosure for this sale can be found here.
A number of large investors recently made changes to their positions in the company. Andra AP fonden boosted its stake in shares of Amphenol Corp. by 10.6% in the fourth quarter. Andra AP fonden now owns 31,200 shares of the company’s stock worth $1,630,000 after buying an additional 3,000 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Amphenol Corp. by 39.0% in the fourth quarter. Suntrust Banks Inc. now owns 31,904 shares of the company’s stock valued at $1,666,000 after buying an additional 8,950 shares in the last quarter. Employees Retirement System of Texas boosted its stake in 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 in the last quarter. Stephens Inc. AR boosted its stake in Amphenol Corp. by 7.1% in the fourth quarter. Stephens Inc. AR now owns 104,489 shares of the company’s stock valued at $5,457,000 after buying an additional 6,944 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Amphenol Corp. by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 447,506 shares of the company’s stock valued at $23,373,000 after buying an additional 7,392 shares in 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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