Amphenol (NYSE:APH) Sets New 12-Month High Following Analyst Upgrade

Amphenol Corporation (NYSE:APH) shares reached a new 52-week high on Monday after UBS Group raised their price target on the stock from $106.00 to $115.00. UBS Group currently has a buy rating on the stock. Amphenol traded as high as $100.67 and last traded at $100.57, with a volume of 3681878 shares trading hands. The stock had previously closed at $98.76.

Several other equities analysts have also recently weighed in on the stock. Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. Evercore ISI raised their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Finally, Robert W. Baird lifted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.64.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,002,507 shares of the company’s stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president directly owned 51,400 shares of the company’s stock, valued at approximately $3,920,792. This represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. Company insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Large investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol during the 2nd quarter worth about $25,000. Hughes Financial Services LLC purchased a new position in shares of Amphenol during the 1st quarter worth about $25,000. Avalon Trust Co boosted its position in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after buying an additional 232 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Amphenol in the 1st quarter valued at about $28,000. Finally, Saudi Central Bank purchased a new stake in Amphenol in the 1st quarter valued at about $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

The company has a market capitalization of $121.29 billion, a PE ratio of 48.68, a PEG ratio of 2.26 and a beta of 1.13. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $91.60 and its 200-day simple moving average is $76.49.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. On average, research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.66%. Amphenol’s dividend payout ratio (DPR) is 32.04%.

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.