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

Amphenol Co. (NYSE:APH - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $84.98 and last traded at $84.45, with a volume of 9849685 shares trading hands. The stock had previously closed at $80.88.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Finally, Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

Amphenol Stock Up 1.1%

The stock has a market capitalization of $105.10 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm has a 50-day moving average of $69.91 and a 200 day moving average of $70.28. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 400,000 shares of the business'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 completion of the sale, the chief financial officer now owns 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,178,500 shares of company stock worth $241,903,805. Insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Amphenol

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after buying an additional 2,870,933 shares in the last quarter. FMR LLC grew its stake in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 36.8% during the fourth 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 purchasing an additional 15,837,407 shares during the period. Geode Capital Management LLC raised its stake in shares of Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Amphenol by 294.0% in 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 buying an additional 18,619,417 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

About Amphenol

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.