Insider Selling: Amphenol Corp. SVP Unloads 31,844 Shares of Stock (APH)
Amphenol Corp. (NYSE:APH) SVP Richard Schneider unloaded 31,844 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $82.29, for a total value of $2,620,442.76. Following the completion of the sale, the senior vice president now directly owns 20,937 shares of the company’s stock, valued at approximately $1,722,906. The transaction was disclosed in a filing with the SEC, which is available at this link.
APH has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Amphenol Corp. in a research note to investors on Tuesday. They now have a $86.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Amphenol Corp. from $76.00 to $80.00 in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Amphenol Corp. from $75.00 to $80.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.80.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.52% during mid-day trading on Wednesday, hitting $81.56. 492,345 shares of the company’s stock traded hands. Amphenol Corp. has a 52-week low of $57.42 and a 52-week high of $85.66. The stock’s 50-day moving average is $76.96 and its 200-day moving average is $76.53. The company has a market cap of $12.941 billion and a price-to-earnings ratio of 21.92.
Amphenol Corp. (NYSE:APH) last announced its earnings results on Thursday, October 17th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Amphenol Corp. will post $3.79 EPS for the current fiscal year.
Amphenol Corporation (NYSE:APH) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable.
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