Amphenol (NYSE:APH) Hits New 52-Week High on Analyst Upgrade

Amphenol Corporation (NYSE:APH) hit a new 52-week high on Monday after Evercore ISI raised their price target on the stock from $105.00 to $110.00. Evercore ISI currently has an outperform rating on the stock. Amphenol traded as high as $104.16 and last traded at $103.69, with a volume of 4099500 shares. The stock had previously closed at $103.34.

Several other equities research analysts also recently commented on APH. UBS Group reissued a “buy” rating and set a $115.00 target price (up from $106.00) on shares of Amphenol in a research report on Monday, July 14th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research report on Friday, July 11th. TD Securities upped their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $91.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $94.07.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer owned 100,000 shares of the company’s stock, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the vice president directly owned 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after buying an additional 4,721 shares during the period. Virtu Financial LLC grew its position in Amphenol by 63.9% during the fourth quarter. Virtu Financial LLC now owns 14,643 shares of the electronics maker’s stock valued at $1,017,000 after buying an additional 5,710 shares during the period. Sei Investments Co. grew its position in Amphenol by 4.9% during the fourth quarter. Sei Investments Co. now owns 894,098 shares of the electronics maker’s stock valued at $62,095,000 after buying an additional 41,656 shares during the period. Finally, LPL Financial LLC grew its position in Amphenol by 16.7% during the fourth quarter. LPL Financial LLC now owns 681,720 shares of the electronics maker’s stock valued at $47,345,000 after buying an additional 97,545 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

The firm’s 50-day moving average is $93.26 and its 200-day moving average is $77.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The company has a market capitalization of $125.43 billion, a P/E ratio of 50.34, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. Amphenol’s revenue for the quarter was up 47.7% on a year-over-year basis. Analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, June 17th. Amphenol’s dividend payout ratio is currently 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.