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

Amphenol Corporation (NYSE:APH - Get Free Report) hit a new 52-week high during mid-day trading 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.

A number of other research firms also recently issued reports on APH. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Finally, Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $94.07.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 286,000 shares of the firm'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 sale, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mattern Capital Management LLC raised its position in shares of Amphenol by 24.5% during the second quarter. Mattern Capital Management LLC now owns 70,079 shares of the electronics maker's stock worth $6,920,000 after purchasing an additional 13,812 shares during the period. Capital Planning LLC bought a new stake in Amphenol during the 2nd quarter worth approximately $234,000. Hilltop National Bank bought a new stake in Amphenol during the second quarter worth $35,000. Triad Wealth Partners LLC bought a new position in shares of Amphenol during the second quarter valued at about $201,000. Finally, Lecap Asset Management Ltd. bought a new stake in Amphenol in the 2nd quarter worth about $483,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

The company's 50-day simple moving average is $93.26 and its 200 day simple moving average is $77.39. 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 stock has a market cap of $125.49 billion, a P/E ratio of 50.39, a PEG ratio of 2.08 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating 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 return on equity of 27.68% and a net margin of 15.58%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.64%. Amphenol's 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.

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