Stock Repurchase Plan Authorized by Amphenol (NYSE:APH) Board of Directors

Amphenol (NYSE:APH) announced that its Board of Directors has initiated a stock repurchase program on Wednesday, April 24th, RTT News reports. The company plans to repurchase $2.00 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Amphenol Price Performance

Amphenol stock opened at $120.49 on Friday. The stock’s fifty day moving average price is $112.04 and its two-hundred day moving average price is $99.70. Amphenol has a one year low of $72.77 and a one year high of $121.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48. The firm has a market cap of $72.48 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts expect that Amphenol will post 3.29 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is presently 26.91%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus upped their price objective on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Evercore ISI upped their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group upped their price objective on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group assumed coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.