Amphenol (NYSE:APH) Stock Crosses Above Fifty Day Moving Average Following Insider Selling

Amphenol Corporation (NYSE:APH)’s share price crossed above its 50 day moving average during trading on Tuesday after an insider bought additional shares in the company. The stock has a 50 day moving average of $81.60 and traded as high as $85.66. Amphenol shares last traded at $84.11, with a volume of 15,630,111 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on APH shares. BNP Paribas Exane lifted their target price on Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $102.00 price target on shares of Amphenol in a report on Monday. JPMorgan Chase & Co. upped their price target on Amphenol from $107.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Evercore set a $100.00 price objective on Amphenol in a research report on Wednesday, October 28th. Finally, Rothschild & Co Redburn reduced their price objective on Amphenol from $197.00 to $107.00 in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $108.32.

Trending Headlines about Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Amphenol’s Q3 results and outlook were supported by AI infrastructure demand and acquisitions. The company reported revenue growth of 65.1% year over year and earnings above analysts’ expectations. Article: APH Q3 deep dive
• Positive Sentiment: The company announced a $4 billion buyback plan, which could support shareholder returns and signal confidence in its business outlook. Article: Tech stocks boosting buyback capacity
• Positive Sentiment: Barclays raised its price target to $111 from $100 and reiterated an “overweight” rating, reflecting a more bullish view of Amphenol’s prospects. Article: Barclays price-target increase
• Neutral Sentiment: A report discusses whether a new partnership could strengthen Amphenol’s position in AI infrastructure, but the provided article details do not specify the partnership’s terms or likely financial impact. Article: Amphenol and AI infrastructure partnership
• Negative Sentiment: CEO Richard Norwitt sold 799,576 shares for about $65.9 million, reducing his direct ownership by 17.18%. He still directly owned approximately 3.86 million shares after the transaction. SEC filing: CEO stock sale
• Negative Sentiment: Rothschild & Co Redburn cut its price target on Amphenol, a less favorable analyst signal. The supplied report does not state the revised target. Article: Rothschild & Co Redburn price-target cut
• Negative Sentiment: Amphenol was among AI-related stocks declining amid a broader AI sell-off, despite strong orders, revenue growth and raised guidance across the group. Sector sentiment could weigh on the stock even as data-center demand remains a fundamental support. Article: AI stocks and data-center spending

Amphenol Trading Up 5.3%

The company has a market cap of $207.69 billion, a P/E ratio of 36.57, a P/E/G ratio of 0.95 and a beta of 1.27. The stock’s 50-day moving average is $81.60 and its two-hundred day moving average is $75.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 65.1% on a year-over-year basis. As a group, equities research analysts predict that Amphenol Corporation will post 2.84 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 21.74%.

Amphenol declared that its board has initiated a share buyback program on Wednesday, October 28th that permits the company to buy back $4 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Amphenol

A number of institutional investors and hedge funds have recently modified their holdings of APH. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Amphenol by 85.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Your Advocates Ltd. LLP increased its position in shares of Amphenol by 100.0% during the 3rd quarter. Your Advocates Ltd. LLP now owns 300 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Retirement Wealth Solutions LLC increased its position in shares of Amphenol by 831.2% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 266 shares during the last quarter. Sunrise Financial Services LLC lifted its stake in shares of Amphenol by 100.0% in the 3rd quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 162 shares during the period. Finally, NFSG Corp bought a new position in shares of Amphenol in the 3rd quarter worth approximately $28,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.