Amphenol Corporation (APH) Sets New 52-Week High at $78.39
Shares of Amphenol Corporation (NYSE:APH) hit a new 52-week high during trading on Wednesday . The stock traded as high as $78.39 and last traded at $78.53, with a volume of 688,193 shares. The stock had previously closed at $77.97.
A number of analysts recently commented on APH shares. Morgan Stanley increased their price target on Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Royal Bank Of Canada increased their price objective on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Thursday, June 22nd. BidaskClub lowered Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Stifel Nicolaus raised their price target on Amphenol Corporation from $64.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Amphenol Corporation has an average rating of “Buy” and a consensus price target of $78.38.
The stock’s 50-day moving average price is $75.09 and its 200 day moving average price is $72.05. The firm has a market cap of $24.00 billion, a P/E ratio of 26.43 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts forecast that Amphenol Corporation will post $3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. Amphenol Corporation’s dividend payout ratio (DPR) is 21.55%.
In other news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the transaction, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $2,914,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the transaction, the vice president now directly owns 8,800 shares in the company, valued at $687,456. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,265,200 shares of company stock worth $95,179,956. Corporate insiders own 2.51% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock worth $1,356,586,000 after buying an additional 18,339,185 shares during the period. Vanguard Group Inc. increased its position in Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock worth $2,120,464,000 after buying an additional 914,857 shares in the last quarter. Janus Capital Management LLC increased its position in Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock worth $657,176,000 after buying an additional 900,961 shares in the last quarter. Geode Capital Management LLC increased its position in Amphenol Corporation by 9.0% in the first quarter. Geode Capital Management LLC now owns 3,175,971 shares of the electronics maker’s stock worth $225,728,000 after buying an additional 261,287 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its position in Amphenol Corporation by 12.7% in the first quarter. Pioneer Investment Management Inc. now owns 2,264,594 shares of the electronics maker’s stock worth $161,171,000 after buying an additional 255,097 shares in the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.
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About Amphenol Corporation
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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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