Amphenol Target of Unusually High Options Trading (NYSE:APH)

Amphenol Co. (NYSE:APHGet Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 5,573 call options on the stock. This is an increase of 66% compared to the average volume of 3,365 call options.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 230,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the sale, the insider now owns 397,280 shares of the company’s stock, valued at approximately $26,844,209.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Frazier Financial Advisors LLC purchased a new stake in shares of Amphenol during the 4th quarter worth $29,000. WASHINGTON TRUST Co boosted its holdings in shares of Amphenol by 88.2% in the 1st quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock valued at $37,000 after buying an additional 150 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in Amphenol during the fourth quarter valued at approximately $33,000. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Amphenol from $62.50 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Robert W. Baird boosted their price objective on Amphenol from $61.50 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Jefferies Financial Group began coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $62.50 target price on the stock. Seaport Res Ptn upgraded shares of Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. Finally, Citigroup raised their price objective on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.42.

Get Our Latest Stock Report on Amphenol

Amphenol Trading Up 0.9 %

Shares of APH opened at $68.62 on Wednesday. The company has a 50-day moving average of $66.44 and a 200 day moving average of $58.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol has a 1-year low of $39.34 and a 1-year high of $70.84. The firm has a market capitalization of $82.43 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 3.17 and a beta of 1.25.

Amphenol (NYSE:APHGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts expect that Amphenol will post 1.69 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, June 18th. Amphenol’s payout ratio is 26.91%.

Amphenol announced that its board has authorized a share repurchase program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

About Amphenol

(Get Free Report)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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