Amphenol (NYSE:APH) Sets New 1-Year High - Here's What Happened

Shares of Amphenol Corporation (NYSE:APH - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $98.17 and last traded at $97.84, with a volume of 411758 shares trading hands. The stock had previously closed at $97.67.

Analyst Ratings Changes

APH has been the subject of a number of analyst reports. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. UBS Group lifted their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group upped their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Price Performance

The stock has a market cap of $118.19 billion, a PE ratio of 47.43, a PEG ratio of 2.23 and a beta of 1.12. The business's 50-day simple moving average is $86.34 and its 200-day simple moving average is $74.44. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during 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 revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. On average, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. Amphenol's payout ratio is 32.04%.

Insider Activity at Amphenol

In other news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president now directly owns 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction dated 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 now directly owns 100,000 shares in the company, valued at approximately $7,593,000. This represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. Corporate insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in APH. Hughes Financial Services LLC bought a new stake in Amphenol in the first quarter worth about $25,000. Tacita Capital Inc increased its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the period. Rialto Wealth Management LLC purchased a new stake in Amphenol in the 4th quarter valued at about $28,000. Avalon Trust Co increased its holdings in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

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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