Amphenol Corporation (APH) Sets New 1-Year High at $79.62
Amphenol Corporation (NYSE:APH) reached a new 52-week high during trading on Wednesday . The company traded as high as $79.62 and last traded at $79.57, with a volume of 356,295 shares changing hands. The stock had previously closed at $78.91.
A number of equities research analysts recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Stifel Nicolaus upped their price objective on Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. BidaskClub downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) downgraded Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Zacks Investment Research downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corporation presently has an average rating of “Buy” and an average target price of $79.00.
The firm has a market capitalization of $24.11 billion, a P/E ratio of 26.58 and a beta of 0.77. The stock has a 50 day moving average of $76.01 and a 200 day moving average of $72.74.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.96%. Amphenol Corporation’s payout ratio is presently 21.55%.
In other news, Director Diana G. Reardon sold 200,000 shares of Amphenol Corporation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $74.91, for a total value of $14,982,000.00. Following the completion of the transaction, the director now directly owns 200,000 shares of the company’s stock, valued at approximately $14,982,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Zachary W. Raley sold 432,000 shares of Amphenol Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $74.12, for a total value of $32,019,840.00. Following the completion of the transaction, the senior vice president now directly owns 144,000 shares of the company’s stock, valued at $10,673,280. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,200 shares of company stock worth $79,467,056 over the last ninety days. Company insiders own 2.51% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Amphenol Corporation during the second quarter valued at $392,000. Colony Group LLC raised its position in Amphenol Corporation by 5.6% in the second quarter. Colony Group LLC now owns 29,513 shares of the electronics maker’s stock valued at $2,179,000 after buying an additional 1,568 shares during the period. Verition Fund Management LLC acquired a new position in Amphenol Corporation during the second quarter valued at $833,000. BB&T Investment Services Inc. acquired a new position in Amphenol Corporation during the second quarter valued at $374,000. Finally, Cypress Capital Group acquired a new position in Amphenol Corporation during the second quarter valued at $517,000. 95.99% of the stock is owned by hedge funds and other institutional investors.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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