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. The stock had previously closed at $69.71.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group increased their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five equities 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 MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Price Performance

The company’s 50 day moving average is $65.32 and its 200 day moving average is $65.29. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $86.78 billion, a price-to-earnings ratio of 41.69, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the business earned $0.39 EPS. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is currently 37.93%.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,630,672 shares of company stock valued at $110,992,440. Insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Beacon Capital Management LLC boosted its holdings in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Amphenol during the second quarter worth about $29,000. Trifecta Capital Advisors LLC raised its position in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares during the last quarter. Finally, Sachetta LLC raised its position in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors 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.