BidaskClub upgraded shares of Amphenol Corporation (NYSE:APH) from a buy rating to a strong-buy rating in a research note released on Saturday.
A number of other brokerages have also recently issued reports on APH. Zacks Investment Research raised shares of Amphenol Corporation from a hold rating to a buy rating and set a $84.00 target price for the company in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a buy rating to a neutral rating and increased their target price for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Stifel Nicolaus increased their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a hold rating in a report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a buy rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Finally, Deutsche Bank AG raised their price objective on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a buy rating in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $78.38.
Amphenol Corporation (NYSE APH) opened at 78.91 on Friday. Amphenol Corporation has a 52 week low of $59.58 and a 52 week high of $79.38. The company has a 50 day moving average price of $75.75 and a 200 day moving average price of $72.65. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 26.57 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts expect that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
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The company 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 $0.19 dividend. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s payout ratio is presently 21.55%.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total value of $4,827,816.00. Following the completion of the sale, the vice president now directly owns 8,800 shares of the company’s stock, valued at approximately $687,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Zachary W. Raley sold 432,000 shares of Amphenol Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the completion of the sale, the senior vice president now directly owns 144,000 shares of the company’s stock, valued at $10,673,280. The disclosure for this sale can be found here. Insiders sold a total of 1,050,200 shares of company stock valued at $79,467,056 over the last ninety days. 2.51% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Amphenol Corporation by 1,662.5% in the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after buying an additional 9,996,239 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Amphenol Corporation by 53.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock worth $196,616,000 after buying an additional 928,733 shares during the period. Vanguard Group Inc. raised its position in shares of Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock worth $2,120,464,000 after buying an additional 914,857 shares during the period. Finally, Janus Capital Management LLC raised its position in shares of Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock worth $657,176,000 after buying an additional 900,961 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.
About Amphenol Corporation
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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