Amphenol Co. (NYSE:APH – Get Rating) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,030,000 shares, a growth of 17.3% from the September 15th total of 5,140,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is presently 3.3 days. Approximately 1.0% of the shares of the company are short sold.
Amphenol Trading Down 3.2 %
Amphenol stock traded down $2.21 during mid-day trading on Friday, reaching $67.05. 2,084,131 shares of the company traded hands, compared to its average volume of 2,232,855. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.45 and a quick ratio of 1.65. The firm’s 50 day moving average price is $73.50 and its 200 day moving average price is $70.97. The firm has a market capitalization of $39.88 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.04 and a beta of 1.23. Amphenol has a 52-week low of $61.67 and a 52-week high of $88.45.
Amphenol (NYSE:APH – Get Rating) last announced its earnings results on Wednesday, July 27th. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. On average, analysts anticipate that Amphenol will post 2.94 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, September 19th. Amphenol’s dividend payout ratio is currently 27.97%.
Wall Street Analyst Weigh In
Several analysts recently commented on APH shares. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $86.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, October 10th. UBS Group upped their price target on shares of Amphenol from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. StockNews.com cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Cowen lowered their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a research report on Friday, July 1st. Finally, Cowen lowered their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a research report on Friday, July 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.
Insider Buying and Selling at Amphenol
In related news, VP Lance E. D’amico sold 20,000 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $1,977,101. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Lance E. D’amico sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $1,977,101. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jean-Luc Gavelle sold 122,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $77.44, for a total transaction of $9,447,680.00. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
Hedge Funds Weigh In On Amphenol
Several hedge funds and other institutional investors have recently bought and sold shares of APH. Cornerstone Advisory LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at about $171,000. Resources Investment Advisors LLC. increased its holdings in Amphenol by 15.0% in the 4th quarter. Resources Investment Advisors LLC. now owns 4,777 shares of the electronics maker’s stock worth $418,000 after acquiring an additional 623 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Amphenol by 1.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 20,548 shares of the electronics maker’s stock valued at $1,797,000 after buying an additional 317 shares in the last quarter. Quent Capital LLC purchased a new stake in Amphenol during the 4th quarter valued at approximately $84,000. Finally, Norges Bank purchased a new stake in Amphenol during the 4th quarter valued at approximately $466,657,000. Institutional investors own 93.50% of the company’s stock.
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.