Amphenol Corporation’s (APH) Hold Rating Reaffirmed at Canaccord Genuity
APH has been the subject of several other research reports. Royal Bank Of Canada reiterated a top pick rating and issued a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Amphenol Corporation from a hold rating to a buy rating and set a $93.00 price objective for the company in a research note on Friday, September 22nd. Deutsche Bank AG reiterated a buy rating and issued a $95.00 price objective (up previously from $80.00) on shares of Amphenol Corporation in a research note on Thursday, October 5th. Bank of America Corporation upgraded shares of Amphenol Corporation from a neutral rating to a buy rating in a research note on Friday, September 29th. Finally, Cowen and Company reiterated an outperform rating and issued a $95.00 price objective (up previously from $85.00) on shares of Amphenol Corporation in a research note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Amphenol Corporation presently has a consensus rating of Buy and an average target price of $83.50.
Amphenol Corporation (NYSE APH) opened at 86.10 on Monday. The stock has a 50 day moving average of $83.77 and a 200 day moving average of $76.86. Amphenol Corporation has a 12-month low of $64.73 and a 12-month high of $88.00. The firm has a market cap of $26.30 billion, a PE ratio of 28.99 and a beta of 0.79.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during 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%. Amphenol Corporation’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. On average, equities research analysts anticipate that Amphenol Corporation will post $3.10 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is 25.59%.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 40,000 shares in the company, valued at approximately $3,188,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 16,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the sale, the vice president now owns 16,000 shares of the company’s stock, valued at approximately $1,280,640. The disclosure for this sale can be found here. Insiders have sold a total of 433,200 shares of company stock valued at $33,886,886 in the last 90 days. 2.51% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Marvin & Palmer Associates Inc. boosted its holdings in Amphenol Corporation by 27.0% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after acquiring an additional 12,855 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Amphenol Corporation by 14.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after acquiring an additional 52,976 shares during the last quarter. Bfsg LLC purchased a new position in Amphenol Corporation during the 1st quarter worth $2,072,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Amphenol Corporation by 14.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 699,047 shares of the electronics maker’s stock worth $51,604,000 after acquiring an additional 87,704 shares during the last quarter. Finally, Korea Investment CORP boosted its holdings in Amphenol Corporation by 21.9% during the 2nd quarter. Korea Investment CORP now owns 139,963 shares of the electronics maker’s stock worth $10,332,000 after acquiring an additional 25,179 shares during the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.
About Amphenol Corporation
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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