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

Amphenol Co. (NYSE:APH - Get Free Report) shares hit a new 52-week high on Monday after UBS Group raised their price target on the stock from $85.00 to $106.00. UBS Group currently has a buy rating on the stock. Amphenol traded as high as $90.38 and last traded at $90.27, with a volume of 4991964 shares traded. The stock had previously closed at $89.93.

APH has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.38.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider now owns 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Amphenol

Several institutional investors have recently made changes to their positions in the business. Hughes Financial Services LLC purchased a new position in shares of Amphenol in the first quarter valued at $25,000. Tacita Capital Inc lifted its position in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol in the fourth quarter valued at about $28,000. Finally, Avalon Trust Co raised its holdings in shares of Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

The firm has a market capitalization of $111.93 billion, a P/E ratio of 48.27, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock's fifty day simple moving average is $76.14 and its 200 day simple moving average is $71.93.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. On average, equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 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.