Amphenol (NYSE:APH) Reaches New 1-Year High – Should You Buy?

Amphenol Co. (NYSE:APH) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.16 and last traded at $75.16, with a volume of 16042 shares changing hands. The stock had previously closed at $74.29.

Analysts Set New Price Targets

Several equities research analysts have commented on APH shares. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Robert W. Baird lifted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Price Performance

The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $89.87 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 2.47 and a beta of 1.23. The business’s 50 day simple moving average is $67.65 and its 200-day simple moving average is $66.40.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 26.3% on a year-over-year basis. On average, research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Insiders Place Their Bets

In related news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APH. State Street Corp increased its holdings in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the period. Bank of New York Mellon Corp boosted its holdings in Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after purchasing an additional 564,991 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after buying an additional 9,487,387 shares during the period. Finally, Mawer Investment Management Ltd. boosted its holdings in Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Amphenol

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.