Amphenol (NYSE:APH) Hits New 52-Week High – Here’s Why

Amphenol Corporation (NYSE:APH)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $156.46 and last traded at $154.6330, with a volume of 76924 shares trading hands. The stock had previously closed at $154.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on APH shares. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Robert W. Baird set a $139.00 target price on Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Truist Financial set a $182.00 price target on shares of Amphenol in a research report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.62.

Amphenol Stock Performance

The company has a market capitalization of $184.79 billion, a PE ratio of 50.32, a PEG ratio of 0.96 and a beta of 1.21. The firm has a 50-day moving average of $139.45 and a two-hundred day moving average of $125.44. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the company earned $0.50 EPS. The business’s revenue was up 53.4% on a year-over-year basis. Research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Insider Activity

In other news, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the sale, the vice president directly owned 76,400 shares of the company’s stock, valued at $10,696,764. This represents a 61.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 258,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total value of $36,945,600.00. Following the sale, the chief financial officer owned 167,695 shares in the company, valued at $24,013,924. This trade represents a 60.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 698,076 shares of company stock worth $99,081,306. 1.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in APH. Financial Management Professionals Inc. raised its position in Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 90 shares during the period. Riggs Asset Managment Co. Inc. lifted its position in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Amphenol in the second quarter worth approximately $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $27,000. Finally, Alpine Bank Wealth Management acquired a new position in Amphenol in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.