Amphenol Corp. (APH) Sees Strong Trading Volume
Amphenol Corp. (NYSE:APH) saw strong trading volume on Thursday . 2,389,345 shares were traded 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 equities analysts recently commented on the company. Zacks Investment Research upgraded Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Friday, July 22nd. RBC Capital Markets reiterated a “top pick” rating and set a $63.00 price objective (up previously from $61.00) on shares of Amphenol Corp. in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research report 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 given a strong buy rating to the stock. Amphenol Corp. currently has an average rating of “Buy” and a consensus target price of $66.33.
The stock has a market cap of $18.89 billion and a PE ratio of 25.17. The stock’s 50 day moving average is $58.96 and its 200-day moving average is $56.82.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. During the same quarter in the prior year, the company earned $0.58 EPS. The firm earned $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. The business’s revenue was up 14.6% on a year-over-year basis. Analysts forecast 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. Investors of record on Tuesday, September 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.92%.
In other Amphenol Corp. news, VP William J. Doherty sold 26,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $59.89, for a total transaction of $1,557,140.00. Following the sale, the vice president now owns 6,800 shares in the company, valued at approximately $407,252. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard Adam Norwitt sold 262,000 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $59.01, for a total value of $15,460,620.00. Following the sale, the insider now owns 137,992 shares in the company, valued at approximately $8,142,907.92. The disclosure for this sale can be found here.
A number of large investors recently made changes to their positions in the stock. Employees Retirement System of Texas boosted its stake 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 period. 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 period. Suntrust Banks Inc. boosted its stake in shares of Amphenol Corp. by 39.0% in the fourth quarter. Suntrust Banks Inc. now owns 31,904 shares of the company’s stock worth $1,666,000 after buying an additional 8,950 shares during the period. Utah Retirement Systems boosted its stake 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 period. Finally, Stephens Inc. AR boosted its stake in shares of Amphenol Corp. by 7.1% in the fourth quarter. Stephens Inc. AR now owns 104,489 shares of the company’s stock worth $5,457,000 after buying an additional 6,944 shares during the period.
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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