Amphenol Co. (NYSE:APH) Short Interest Update

Amphenol Co. (NYSE:APHGet Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 9,220,000 shares, an increase of 11.8% from the May 15th total of 8,250,000 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 3,460,000 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Seaport Res Ptn raised Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. TD Cowen lifted their target price on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $62.50 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday. Finally, Citigroup upped their price target on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

View Our Latest Research Report on APH

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 230,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total value of $15,541,100.00. Following the completion of the sale, the insider now directly owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. boosted its position in shares of Amphenol by 228.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock valued at $10,934,000 after acquiring an additional 76,724 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $3,589,000. West Coast Financial LLC raised its holdings in shares of Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after buying an additional 50,778 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Amphenol by 63.4% during the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock worth $3,793,000 after buying an additional 14,843 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Amphenol in the 4th quarter valued at $2,875,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock traded down $0.72 during midday trading on Friday, hitting $68.27. The company had a trading volume of 3,996,512 shares, compared to its average volume of 7,272,398. Amphenol has a 1-year low of $39.34 and a 1-year high of $69.29. The business’s 50 day simple moving average is $62.85 and its two-hundred day simple moving average is $55.59. The stock has a market cap of $82.01 billion, a PE ratio of 41.76, a P/E/G ratio of 3.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43.

Amphenol (NYSE:APHGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business posted $0.35 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts predict that Amphenol will post 1.7 EPS for the current fiscal year.

Amphenol declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, June 18th. Amphenol’s payout ratio is presently 26.91%.

Amphenol Company Profile

(Get Free Report)

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.

Further Reading

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