Amphenol (NYSE:APH) Stock Crosses Above Fifty Day Moving Average Following Insider Selling

Key Points

• Amphenol shares rose above their 50-day moving average, trading as high as $85.66 and last at $84.11. CEO Richard Norwitt sold 799,576 shares for about $65.9 million, though he retained roughly 3.86 million shares.
• Analysts remain broadly positive: the stock has a consensus Buy rating and an average price target of $108.32, with several firms recently raising their targets.
• Amphenol reported quarterly revenue up 65.1% year over year and earnings above expectations, supported by AI infrastructure demand; it also authorized a $4 billion share buyback. The company cut its quarterly dividend from $0.25 to $0.15 per share.

Amphenol Corporation (NYSE:APH - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday following insider buying activity. The stock has a 50-day moving average of $81.60 and traded as high as $85.66. Amphenol shares last traded at $84.11, with a volume of 15,630,111 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on APH shares. Barclays lifted their price target on shares of Amphenol from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial upped their price objective on shares of Amphenol from $107.50 to $112.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. Bank of America raised their target price on shares of Amphenol from $99.00 to $104.00 and gave the stock a "buy" rating in a research report on Tuesday, October 13th. Weiss Ratings lowered shares of Amphenol from a "buy (a-)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Finally, BNP Paribas Exane lifted their target price on shares of Amphenol from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $108.32.

Trending Headlines about Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Amphenol’s Q3 results and outlook were supported by AI infrastructure demand and acquisitions. The company reported revenue growth of 65.1% year over year and earnings above analysts’ expectations. Article: APH Q3 deep dive
• Positive Sentiment: The company announced a $4 billion buyback plan, which could support shareholder returns and signal confidence in its business outlook. Article: Tech stocks boosting buyback capacity
• Positive Sentiment: Barclays raised its price target to $111 from $100 and reiterated an “overweight” rating, reflecting a more bullish view of Amphenol’s prospects. Article: Barclays price-target increase
• Neutral Sentiment: A report discusses whether a new partnership could strengthen Amphenol’s position in AI infrastructure, but the provided article details do not specify the partnership’s terms or likely financial impact. Article: Amphenol and AI infrastructure partnership
• Negative Sentiment: CEO Richard Norwitt sold 799,576 shares for about $65.9 million, reducing his direct ownership by 17.18%. He still directly owned approximately 3.86 million shares after the transaction. SEC filing: CEO stock sale
• Negative Sentiment: Rothschild & Co Redburn cut its price target on Amphenol, a less favorable analyst signal. The supplied report does not state the revised target. Article: Rothschild & Co Redburn price-target cut
• Negative Sentiment: Amphenol was among AI-related stocks declining amid a broader AI sell-off, despite strong orders, revenue growth and raised guidance across the group. Sector sentiment could weigh on the stock even as data-center demand remains a fundamental support. Article: AI stocks and data-center spending

Amphenol Stock Performance

The company has a market capitalization of $207.69 billion, a PE ratio of 36.57, a PEG ratio of 0.95 and a beta of 1.27. The company has a 50 day moving average of $81.60 and a two-hundred day moving average of $75.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The business had revenue of $10.23 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business's revenue was up 65.1% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Corporation will post 2.84 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be given a dividend of $0.15 per share. This is a drop from Amphenol's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. Amphenol's dividend payout ratio is 21.74%.

Amphenol declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 2% of its shares through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APH. State Street Corp increased its stake in Amphenol by 24.2% during the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker's stock valued at $12,107,146,000 after purchasing an additional 13,884,641 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Amphenol by 10.5% in the second quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker's stock worth $2,923,371,000 after buying an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP grew its holdings in shares of Amphenol by 3,010.0% during the second quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker's stock valued at $2,898,248,000 after buying an additional 15,908,901 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Amphenol by 4.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker's stock valued at $1,710,939,000 after buying an additional 416,388 shares during the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Amphenol during the second quarter valued at approximately $1,600,531,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Company Profile

Amphenol Corporation NYSE: APH is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.

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