Amphenol Corporation (APH) Given Average Rating of “Buy” by Brokerages
Shares of Amphenol Corporation (NYSE:APH) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Three equities 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 analysts that have issued ratings on the stock in the last year is $80.38.
APH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 target price (up from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. BidaskClub cut shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a research report on Monday, August 14th.
In other news, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $80.98, for a total transaction of $1,214,700.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,239,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 16,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the transaction, the vice president now owns 16,000 shares of the company’s stock, valued at $1,280,640. The disclosure for this sale can be found here. Insiders sold 433,200 shares of company stock valued at $33,886,886 in the last three months. Company insiders own 2.51% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marvin & Palmer Associates Inc. grew its position 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. increased its holdings in Amphenol Corporation by 14.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after purchasing an additional 52,976 shares in the last quarter. Bfsg LLC acquired a new position in Amphenol Corporation in the 1st quarter worth about $2,072,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Amphenol Corporation by 14.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 699,047 shares of the electronics maker’s stock valued at $51,604,000 after purchasing an additional 87,704 shares during the last quarter. Finally, Korea Investment CORP raised its position in Amphenol Corporation by 21.9% in the second quarter. Korea Investment CORP now owns 139,963 shares of the electronics maker’s stock valued at $10,332,000 after purchasing an additional 25,179 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.
Amphenol Corporation (NYSE APH) traded up 0.89% during trading on Wednesday, reaching $85.76. 1,012,420 shares of the company’s stock were exchanged. Amphenol Corporation has a 52-week low of $62.64 and a 52-week high of $85.88. The firm has a market cap of $26.19 billion, a P/E ratio of 28.88 and a beta of 0.79. The stock’s 50 day moving average price is $81.27 and its 200 day moving average price is $75.59.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. 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 firm earned $0.65 earnings per share. Equities research analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The firm 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. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 0.89%. Amphenol Corporation’s payout ratio is presently 25.59%.
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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