Amphenol (NYSE:APH) Hits New 12-Month High – Should You Buy?

Amphenol Co. (NYSE:APH) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $93.90 and last traded at $93.05, with a volume of 2075410 shares trading hands. The stock had previously closed at $93.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 30th. TD Securities upped their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price objective on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $86.31.

Amphenol Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $112.44 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The firm has a fifty day moving average of $77.23 and a 200 day moving average of $72.25.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.71%. Amphenol’s dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now owns 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by company insiders.

Institutional Trading of Amphenol

Several large investors have recently modified their holdings of the business. Hughes Financial Services LLC acquired a new position in Amphenol in the first quarter worth about $25,000. Tacita Capital Inc grew its position in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Finally, Avalon Trust Co lifted its stake in shares of Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 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.