Amphenol (NYSE:APH) Reaches New 1-Year High at $124.41

Amphenol Co. (NYSE:APH)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $124.41 and last traded at $124.47, with a volume of 267513 shares changing hands. The stock had previously closed at $122.64.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. UBS Group boosted their target price on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. The Goldman Sachs Group boosted their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Bank of America raised their price objective on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Price Performance

The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The company has a market cap of $74.95 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 3.11 and a beta of 1.27. The stock’s 50-day simple moving average is $113.58 and its 200 day simple moving average is $101.27.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. On average, equities research analysts anticipate that Amphenol Co. will post 3.35 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 18th. Amphenol’s dividend payout ratio is currently 26.91%.

Amphenol declared that its board has approved a stock buyback plan on Wednesday, April 24th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,000 shares of company stock worth $14,251,050. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of institutional investors have recently bought and sold shares of APH. Benjamin F. Edwards & Company Inc. lifted its stake in Amphenol by 228.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock worth $10,934,000 after purchasing an additional 76,724 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Amphenol during the fourth quarter worth approximately $3,589,000. West Coast Financial LLC lifted its position in shares of Amphenol by 65.0% during the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after buying an additional 50,778 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Amphenol by 63.4% in the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after buying an additional 14,843 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Amphenol in the 4th quarter valued at $2,875,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Amphenol

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.