Amphenol Corporation (APH) Upgraded to Buy by Bank of America Corporation
A number of other equities research analysts have also weighed in on APH. Zacks Investment Research lowered Amphenol Corporation from a buy rating to a hold rating in a research report on Tuesday. BidaskClub upgraded Amphenol Corporation from a buy rating to a strong-buy rating in a research report on Saturday, August 12th. Royal Bank Of Canada boosted their price objective on Amphenol Corporation from $77.00 to $80.00 and gave the stock a top pick rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus restated a hold rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. Four equities 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. The stock presently has an average rating of Buy and a consensus target price of $80.13.
Amphenol Corporation (NYSE:APH) traded up 2.87% during trading on Friday, reaching $84.64. The company had a trading volume of 1,847,930 shares. The firm’s 50 day moving average price is $79.80 and its 200 day moving average price is $74.70. The firm has a market capitalization of $25.85 billion, a PE ratio of 28.50 and a beta of 0.76. Amphenol Corporation has a 12-month low of $62.63 and a 12-month high of $84.87.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. Amphenol Corporation’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current year.
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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 paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.90%. Amphenol Corporation’s payout ratio is currently 25.59%.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the sale, the vice president now directly owns 8,800 shares in the company, valued at approximately $687,456. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,200 shares of company stock valued at $33,886,886. Company insiders own 2.51% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in APH. BlackRock Inc. raised its stake in Amphenol Corporation by 2,540.0% during the 1st quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the last quarter. Janus Henderson Group PLC raised its stake in Amphenol Corporation by 1,662.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after buying an additional 9,996,239 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Amphenol Corporation by 53.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock valued at $196,616,000 after buying an additional 928,733 shares during the last quarter. Vanguard Group Inc. raised its stake in Amphenol Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in Amphenol Corporation by 10.8% during the 1st quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.
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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