Amphenol Corp. (APH) Reaches New 12-Month High at $62.59
Amphenol Corp. (NYSE:APH) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $62.59 and last traded at $62.38, with a volume of 304,771 shares traded. The stock had previously closed at $62.33.
APH has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. RBC Capital Markets boosted their target price on shares of Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a research report on Friday, August 26th. Finally, Royal Bank Of Canada boosted their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research report on Thursday, July 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 stock. The stock has an average rating of “Buy” and a consensus price target of $66.56.
The company’s 50 day moving average price is $60.23 and its 200 day moving average price is $57.66. The firm has a market capitalization of $19.32 billion and a price-to-earnings ratio of 25.74.
Amphenol Corp. (NYSE:APH) last issued its 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 prior year, the business 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 for the quarter was up 14.6% on a year-over-year basis. Equities research analysts forecast that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.89%.
In other news, insider Richard Adam Norwitt sold 262,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 137,992 shares in the company, valued at $8,142,907.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total transaction of $1,321,540.00. Following the completion of the transaction, the chief financial officer now owns 35,000 shares in the company, valued at approximately $2,102,450. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Amphenol Corp. stock. Employees Retirement System of Texas boosted its stake in Amphenol Corp. (NYSE:APH) by 17.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,400 shares of the company’s stock after buying an additional 3,400 shares during the period. Employees Retirement System of Texas’ holdings in Amphenol Corp. were worth $1,222,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.