Amphenol Co. (NYSE:APH) Short Interest Update

Amphenol Co. (NYSE:APH) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 7,600,000 shares, an increase of 5.8% from the March 15th total of 7,180,000 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Citigroup raised their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Jefferies Financial Group started coverage on Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. Finally, Evercore ISI raised their price objective on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $112.00.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction that occurred 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 owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amphenol

A number of hedge funds have recently modified their holdings of the stock. Peoples Bank KS acquired a new position in Amphenol in the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in Amphenol in the fourth quarter worth approximately $29,000. Mendota Financial Group LLC bought a new position in Amphenol during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC raised its position in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 138 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of Amphenol stock opened at $111.49 on Thursday. The stock has a market cap of $67.07 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30. Amphenol has a 12 month low of $72.00 and a 12 month high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $110.65 and a 200-day simple moving average of $98.26.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. On average, sell-side analysts anticipate that Amphenol will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 28.30%.

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.