Amphenol (NYSE:APH) Hits New 1-Year High - Still a Buy?

Key Points

• Amphenol Corporation recently hit a new 52-week high of $109.01 during trading, showcasing strong market interest with a last trading price of $107.31.
• Analysts have shown positive sentiment towards Amphenol, with multiple upgrades in price targets, including Citigroup raising its target from $115 to $125 and Evercore ISI enhancing theirs from $105 to $110.
• The company reported a quarterly revenue of $5.65 billion and earnings per share of $0.81, exceeding expectations and demonstrating a significant growth of 56.5% from the same quarter last year.

Shares of Amphenol Corporation (NYSE:APH - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $109.01 and last traded at $107.31, with a volume of 70449 shares changing hands. The stock had previously closed at $104.31.

Analyst Upgrades and Downgrades

APH has been the topic of several research reports. Evercore ISI increased their price target on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Truist Financial increased their price target on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Amphenol from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $104.92.

Amphenol Stock Performance

The stock's 50-day moving average is $99.07 and its 200-day moving average is $80.95. The stock has a market cap of $134.31 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business earned $0.44 earnings per share. Amphenol's revenue was up 56.5% compared to the same quarter last year. Analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

Insider Activity at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction on 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 completion of the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock worth $52,935,980 in the last 90 days. Company insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Amphenol

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amphenol by 8.4% during the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker's stock valued at $2,804,338,000 after acquiring an additional 2,217,079 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after acquiring an additional 18,619,417 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock valued at $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. Institutional investors and hedge funds 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.