Amphenol Co. (NYSE:APH – Get Rating) VP David M. Silverman sold 75,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $80.02, for a total transaction of $6,001,500.00. Following the sale, the vice president now owns 7,000 shares in the company, valued at $560,140. The sale was disclosed in a filing with the SEC, which is available at this link.
Amphenol Price Performance
Shares of NYSE APH opened at $80.07 on Thursday. The stock has a market cap of $47.65 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.36 and a beta of 1.25. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $72.95 and its 200 day moving average price is $71.56. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $88.45.
Amphenol (NYSE:APH – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Amphenol had a net margin of 14.98% and a return on equity of 28.02%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s revenue was up 16.9% on a year-over-year basis. As a group, research analysts forecast that Amphenol Co. will post 2.97 earnings per share for the current fiscal year.
Amphenol Increases Dividend
Hedge Funds Weigh In On Amphenol
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Amphenol by 0.7% in the third quarter. Vanguard Group Inc. now owns 70,304,373 shares of the electronics maker’s stock valued at $4,707,581,000 after buying an additional 499,230 shares during the last quarter. FMR LLC grew its holdings in Amphenol by 2.7% during the second quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock worth $3,322,965,000 after acquiring an additional 1,341,887 shares during the period. BlackRock Inc. increased its stake in Amphenol by 0.3% in the 3rd quarter. BlackRock Inc. now owns 44,719,942 shares of the electronics maker’s stock worth $2,994,449,000 after purchasing an additional 118,811 shares in the last quarter. State Street Corp increased its stake in Amphenol by 0.8% in the 3rd quarter. State Street Corp now owns 24,391,774 shares of the electronics maker’s stock worth $1,638,180,000 after purchasing an additional 185,162 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Amphenol by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 17,540,592 shares of the electronics maker’s stock valued at $1,174,518,000 after acquiring an additional 354,763 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. UBS Group raised their price target on shares of Amphenol from $88.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Jefferies Financial Group lowered shares of Amphenol from a “buy” rating to a “hold” rating and lifted their target price for the company from $87.00 to $88.00 in a research report on Tuesday. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $86.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Amphenol has a consensus rating of “Hold” and an average price target of $84.56.
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.
- Get a free copy of the StockNews.com research report on Amphenol (APH)
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