Short Interest in Amphenol Co. (NYSE:APH) Expands By 30.7%

Amphenol Co. (NYSE:APH) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,230,000 shares, a growth of 30.7% from the October 31st total of 10,890,000 shares. Based on an average daily volume of 6,800,000 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analyst Weigh In

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

Amphenol Stock Performance

Shares of NYSE APH opened at $72.65 on Monday. Amphenol has a 12 month low of $45.01 and a 12 month high of $74.93. 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 company has a market cap of $87.59 billion, a P/E ratio of 41.75, a P/E/G ratio of 2.42 and a beta of 1.23. The business’s 50 day moving average is $68.51 and its two-hundred day moving average is $66.71.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, equities analysts expect that Amphenol will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.91%. Amphenol’s dividend payout ratio is 37.93%.

Insider Buying and Selling

In related news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in Amphenol by 127.3% during the first quarter. Cetera Investment Advisers now owns 95,965 shares of the electronics maker’s stock worth $11,070,000 after buying an additional 53,740 shares in the last quarter. Cetera Advisors LLC raised its position in Amphenol by 511.9% in the first quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 21,481 shares in the last quarter. HM Payson & Co. lifted its stake in Amphenol by 6.7% during the first quarter. HM Payson & Co. now owns 4,869 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 307 shares during the period. Appleton Partners Inc. MA boosted its holdings in Amphenol by 99.0% during the second quarter. Appleton Partners Inc. MA now owns 13,501 shares of the electronics maker’s stock valued at $910,000 after purchasing an additional 6,717 shares in the last quarter. Finally, Park Place Capital Corp grew its stake in shares of Amphenol by 68.5% in the 2nd quarter. Park Place Capital Corp now owns 3,264 shares of the electronics maker’s stock valued at $220,000 after purchasing an additional 1,327 shares during the period. 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.