Amphenol (NYSE:APH) Hits New 52-Week High – Time to Buy?

Amphenol Co. (NYSE:APH)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $72.36 and last traded at $71.89, with a volume of 554331 shares. The stock had previously closed at $69.71.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on APH shares. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Vertical Research began coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Down 0.1 %

The company has a 50-day moving average of $65.44 and a 200-day moving average of $65.34. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $89.09 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Activity

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,242,672 shares of company stock valued at $155,170,080 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC boosted its stake in shares of Amphenol by 69.4% in the first quarter. Norden Group LLC now owns 3,562 shares of the electronics maker’s stock worth $411,000 after buying an additional 1,459 shares during the last quarter. Empirical Finance LLC lifted its holdings in Amphenol by 3.5% in the first quarter. Empirical Finance LLC now owns 21,473 shares of the electronics maker’s stock valued at $2,477,000 after acquiring an additional 722 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Amphenol by 3.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 36,277 shares of the electronics maker’s stock worth $4,185,000 after purchasing an additional 1,173 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Amphenol by 102.1% during the 1st quarter. Empowered Funds LLC now owns 28,838 shares of the electronics maker’s stock worth $3,326,000 after purchasing an additional 14,568 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Amphenol by 13.8% during the 1st quarter. SG Americas Securities LLC now owns 125,956 shares of the electronics maker’s stock valued at $14,529,000 after purchasing an additional 15,258 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.