Amphenol Corp. (APH) Sees Large Volume Increase
Amphenol Corp. (NYSE:APH) shares saw unusually-high trading volume on Tuesday . Approximately 1,544,577 shares traded hands during trading, an increase of 16% from the previous session’s volume of 1,330,155 shares.The stock last traded at $64.33 and had previously closed at $63.76.
APH has been the subject of several research reports. Zacks Investment Research cut Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada lifted their target price on Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research note on Thursday, July 21st. RBC Capital Markets reissued a “top pick” rating and issued a $63.00 target price (up from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Finally, Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $70.00 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $68.11.
The stock has a 50-day moving average of $61.36 and a 200-day moving average of $58.51. The company has a market cap of $19.80 billion, a price-to-earnings ratio of 26.38 and a beta of 1.16.
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Amphenol Corp. (NYSE:APH) last released its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts anticipate that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.87%. Amphenol Corp.’s payout ratio is presently 23.05%.
In other Amphenol Corp. news, CFO Craig A. Lampo sold 22,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total transaction of $1,321,540.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares in the company, valued at $2,102,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana G. Reardon sold 240,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $61.69, for a total value of $14,805,600.00. Following the sale, the director now owns 240,000 shares of the company’s stock, valued at $14,805,600. The disclosure for this sale can be found here. Company insiders own 2.92% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. B & T Capital Management DBA Alpha Capital Management acquired a new stake in Amphenol Corp. during the first quarter valued at $1,289,000. Virginia Retirement System acquired a new stake in Amphenol Corp. during the first quarter valued at $289,000. Buffington Mohr McNeal boosted its stake in Amphenol Corp. by 23.1% in the first quarter. Buffington Mohr McNeal now owns 23,150 shares of the company’s stock valued at $1,338,000 after buying an additional 4,350 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in Amphenol Corp. during the first quarter valued at $389,000. Finally, Commonwealth Equity Services Inc acquired a new stake in Amphenol Corp. during the first quarter valued at $387,000. Hedge funds and other institutional investors own 96.85% of the company’s stock.
Amphenol Corp. 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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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