Amphenol Sees Unusually Large Options Volume (NYSE:APH)

Amphenol Co. (NYSE:APH) was the target of some unusual options trading activity on Tuesday. Stock investors bought 5,573 call options on the stock. This represents an increase of approximately 66% compared to the typical volume of 3,365 call options.

Analyst Upgrades and Downgrades

APH has been the topic of several research reports. Citigroup upped their price objective on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Robert W. Baird upped their price objective on shares of Amphenol from $61.50 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Truist Financial upped their price objective on shares of Amphenol from $68.00 to $74.50 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Bank of America increased their price target on shares of Amphenol from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.58.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 230,000 shares of the company’s 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 owns 397,280 shares in the company, valued at approximately $26,844,209.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Trading of Amphenol

A number of hedge funds have recently bought and sold shares of APH. Norges Bank acquired a new stake in shares of Amphenol during the 4th quarter valued at about $1,078,167,000. Price T Rowe Associates Inc. MD boosted its position in Amphenol by 39.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after buying an additional 8,340,759 shares in the last quarter. Swedbank AB acquired a new position in Amphenol in the first quarter valued at about $121,133,000. TD Asset Management Inc raised its stake in shares of Amphenol by 101.7% in the fourth quarter. TD Asset Management Inc now owns 1,987,076 shares of the electronics maker’s stock worth $196,979,000 after acquiring an additional 1,001,901 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Amphenol by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after acquiring an additional 965,951 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

NYSE APH opened at $70.02 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $66.64 and a 200 day simple moving average of $58.12. The company has a market cap of $84.11 billion, a P/E ratio of 42.83, a P/E/G ratio of 3.17 and a beta of 1.25. Amphenol has a 1 year low of $39.34 and a 1 year high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. Amphenol’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, sell-side analysts predict that Amphenol will post 1.69 EPS for the current year.

Amphenol announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, June 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol Company Profile

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.