Amphenol Corporation (APH) Receives Average Recommendation of “Buy” from Analysts
Amphenol Corporation (NYSE:APH) has been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $82.25.
A number of equities research analysts have recently issued reports on APH shares. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, September 14th. BidaskClub lowered shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and issued a $95.00 target price (up previously from $80.00) on shares of Amphenol Corporation in a research note on Thursday. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th.
Shares of Amphenol Corporation (NYSE APH) traded down 0.03% during trading on Wednesday, hitting $86.55. The company’s stock had a trading volume of 1,023,708 shares. Amphenol Corporation has a 52 week low of $62.63 and a 52 week high of $86.81. The firm’s 50 day moving average price is $81.88 and its 200-day moving average price is $75.85. The company has a market cap of $26.44 billion, a PE ratio of 29.14 and a beta of 0.78.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 net margin of 14.37% and a return on equity of 24.98%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. On average, analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. 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. Amphenol Corporation’s dividend payout ratio is currently 25.59%.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 433,200 shares of company stock valued at $33,886,886. Insiders own 2.51% of the company’s stock.
Several large investors have recently made changes to their positions in APH. FMR LLC grew its position in Amphenol Corporation by 0.5% in the 1st quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock worth $2,800,937,000 after purchasing an additional 208,471 shares during the last quarter. Vanguard Group Inc. grew its position in Amphenol Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after purchasing an additional 765,862 shares during the last quarter. Capital World Investors grew its position in Amphenol Corporation by 0.9% in the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after purchasing an additional 236,214 shares during the last quarter. BlackRock Inc. grew its position in Amphenol Corporation by 2,540.0% in the 1st quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock worth $1,356,586,000 after purchasing an additional 18,339,185 shares during the last quarter. Finally, State Street Corp grew its position in Amphenol Corporation by 1.7% in the 1st quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock worth $866,273,000 after purchasing an additional 203,486 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.
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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