Amphenol (NYSE:APH) Sets New 12-Month High – Here’s Why

Amphenol Co. (NYSE:APH)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $72.36 and last traded at $71.89, with a volume of 554331 shares changing hands. The stock had previously closed at $69.71.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Vertical Research assumed coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. UBS Group boosted their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Up 3.3 %

The firm has a market capitalization of $86.78 billion, a PE ratio of 41.69, a P/E/G ratio of 2.25 and a beta of 1.23. The firm’s 50 day moving average price is $65.32 and its two-hundred day moving average price is $65.29. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, research analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.92%. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,630,672 shares of company stock valued at $110,992,440 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of large investors have recently modified their holdings of the company. Norden Group LLC grew its position in Amphenol by 69.4% in the 1st quarter. Norden Group LLC now owns 3,562 shares of the electronics maker’s stock valued at $411,000 after buying an additional 1,459 shares in the last quarter. Nordea Investment Management AB grew its position in Amphenol by 1.1% in the 1st quarter. Nordea Investment Management AB now owns 42,758 shares of the electronics maker’s stock valued at $4,954,000 after buying an additional 484 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in Amphenol in the 1st quarter valued at about $4,579,000. Signaturefd LLC grew its position in Amphenol by 4.3% in the 1st quarter. Signaturefd LLC now owns 15,928 shares of the electronics maker’s stock valued at $1,837,000 after buying an additional 654 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Amphenol by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 124,005 shares of the electronics maker’s stock valued at $14,304,000 after buying an additional 463 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Amphenol

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.