Amphenol (NYSE:APH) Sets New 12-Month High on Analyst Upgrade

Shares of Amphenol Corporation (NYSE:APH - Get Free Report) reached a new 52-week high during trading on Monday after UBS Group raised their price target on the stock from $106.00 to $115.00. UBS Group currently has a buy rating on the stock. Amphenol traded as high as $100.67 and last traded at $100.57, with a volume of 3681878 shares. The stock had previously closed at $98.76.

A number of other equities analysts have also recently issued reports on the company. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Citigroup upped their target price on Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.64.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer owned 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 390,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Amphenol in the 4th quarter worth approximately $1,378,794,000. 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. Price T Rowe Associates Inc. MD increased its position in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position 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 buying an additional 11,092,282 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock worth $574,500,000 after acquiring an additional 7,573,750 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 2.0%

The business's 50 day moving average price is $91.20 and its two-hundred day moving average price is $76.29. The company has a market capitalization of $121.85 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

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

Amphenol Dividend Announcement

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

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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