Amphenol (NYSE:APH) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Amphenol Co. (NYSE:APH)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.54 and traded as high as $70.09. Amphenol shares last traded at $69.50, with a volume of 5,513,159 shares.

Analysts Set New Price Targets

APH has been the subject of a number of research analyst reports. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Price Performance

The company has a market capitalization of $83.73 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The company has a 50-day moving average price of $71.67 and a 200-day moving average price of $67.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its holdings in Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Amphenol by 7.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after acquiring an additional 189 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after purchasing an additional 199 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its position in Amphenol by 83.3% during the second quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 210 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

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.