By otakuyassine3@gmail.com 
Amphenol Co. (NYSE:APH – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 13,940,000 shares, an increase of 19.0% from the December 31st total of 11,710,000 shares. Based on an average trading volume of 6,480,000 shares, the days-to-cover ratio is presently 2.2 days.
Analyst Ratings Changes
APH has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.68.
Get Our Latest Stock Report on APH
Amphenol Price Performance
Shares of Amphenol stock traded down $0.92 during trading on Friday, reaching $70.75. The company’s stock had a trading volume of 6,270,294 shares, compared to its average volume of 7,508,724. The stock has a 50-day moving average price of $71.89 and a two-hundred day moving average price of $67.98. The stock has a market capitalization of $85.29 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol has a one year low of $50.48 and a one year high of $79.39.
Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. As a group, sell-side analysts anticipate that Amphenol will post 2.25 EPS for the current fiscal year.
Amphenol Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol’s payout ratio is 34.46%.
Insider Activity at Amphenol
In other Amphenol news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 612,000 shares of company stock worth $44,177,640 in the last three months. 1.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Amphenol
Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after buying an additional 90,450 shares in the last quarter. LMR Partners LLP boosted its stake in shares of Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after buying an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in shares of Amphenol in the third quarter valued at about $484,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Company Profile
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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