Amphenol (NYSE:APH) Stock Price Passes Above Two Hundred Day Moving Average of $60.31

Amphenol Co. (NYSE:APH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $60.31 and traded as high as $61.59. Amphenol shares last traded at $60.04, with a volume of 10,106,632 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APH. TD Cowen upped their price objective on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. UBS Group upped their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $62.50 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Citigroup raised their price target on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.35.

Amphenol Price Performance

The company has a market capitalization of $75.18 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.81 and a beta of 1.25. The company has a 50-day moving average price of $66.10 and a 200-day moving average price of $60.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, equities research analysts expect that Amphenol Co. will post 1.74 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio is presently 40.49%.

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

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 230,000 shares of the business’s stock in a transaction dated 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 $26,844,209.60. The disclosure for this sale can be found here. Insiders sold 1,346,000 shares of company stock worth $87,465,740 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amphenol

A number of institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. lifted its position in Amphenol by 228.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock worth $10,934,000 after buying an additional 76,724 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Amphenol during the fourth quarter worth about $3,589,000. Cerity Partners LLC boosted its position in Amphenol by 63.4% during the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after purchasing an additional 14,843 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amphenol by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,180,261 shares of the electronics maker’s stock valued at $315,259,000 after purchasing an additional 73,662 shares in the last quarter. Finally, Fiduciary Group LLC acquired a new position in shares of Amphenol during the 4th quarter worth approximately $699,000. Institutional investors own 97.01% of the company’s stock.

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.