Amphenol (NYSE:APH) Reaches New 52-Week High - Should You Buy?

Amphenol Corporation (NYSE:APH - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $94.98 and last traded at $94.85, with a volume of 3253119 shares. The stock had previously closed at $93.82.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APH shares. TD Securities upped their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. The Goldman Sachs Group increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Finally, UBS Group lifted their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Stock Performance

The firm has a 50 day moving average of $83.21 and a two-hundred day moving average of $73.63. 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 stock has a market cap of $115.19 billion, a PE ratio of 46.23, a PEG ratio of 2.14 and a beta of 1.12.

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

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insiders Place Their Bets

In related news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Insiders own 1.67% of the company's stock.

Institutional Trading of Amphenol

A number of institutional investors have recently modified their holdings of the business. LaFleur & Godfrey LLC increased its holdings in Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after buying an additional 825 shares in the last quarter. Brighton Jones LLC raised its holdings in Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC boosted 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 worth $701,000 after purchasing an additional 4,721 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Amphenol by 162.5% in the fourth quarter. D.A. Davidson & CO. now owns 13,915 shares of the electronics maker's stock valued at $966,000 after purchasing an additional 8,615 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Amphenol in the fourth quarter valued at $625,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Company Profile

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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