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

Amphenol Corporation (NYSE:APH - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $99.98 and last traded at $99.68, with a volume of 405353 shares. The stock had previously closed at $99.46.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. UBS Group raised 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. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Citigroup upped their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Robert W. Baird upped their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Stock Performance

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 company has a 50-day moving average of $89.61 and a 200-day moving average of $75.54. The firm has a market capitalization of $117.89 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.40 EPS. On average, equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. Insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hughes Financial Services LLC purchased a new position in shares of Amphenol in the first quarter valued at $25,000. 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. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol during the first quarter worth about $28,000. Finally, Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the last quarter. 97.01% of the stock is 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.