In yesterday’s Wall Street session, Amphenol Corporation (NYSE:APH) shares traded at $77.50, up 1.04% from the previous session.
As of this writing, 17 analysts cover Amphenol Corporation (NYSE:APH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $70.00, we find $85.00. Given the previous closing price of $76.70, this indicates a potential upside of 10.82 percent. APH stock price is now 0.98% away from the 50-day moving average and 1.29% away from the 200-day moving average. The market capitalization of the company currently stands at $45.10B.
There are 9 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $84.99 as their price target over the next twelve months.
With the price target reduced from $91 to $77, Credit Suisse Downgraded its rating from Outperform to Neutral for Amphenol Corporation (NYSE: APH).
In other news, Gavelle Jean-Luc, President, ISS Division sold 184,100 shares of the company’s stock on May 12. The stock was sold for $13,746,857 at an average price of $74.67. Upon completion of the transaction, the President, ISS Division now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09, President, ISS Division Gavelle Jean-Luc sold 129,800 shares of the business’s stock. A total of $10,596,236 was realized by selling the stock at an average price of $81.64. Insiders disposed of 1,304,650 shares of company stock worth roughly $101.11 million over the past 1 year. A total of 0.58% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APH stock. A new stake in Amphenol Corporation shares was purchased by WOODLINE PARTNERS LP during the first quarter worth $132,147,000. TWINBEECH CAPITAL LP invested $20,129,000 in shares of APH during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Amphenol Corporation valued at approximately $19,648,000. WALLEYE CAPITAL LLC acquired a new stake in APH for approximately $16,290,000. CLEARBRIDGE INVESTMENTS, LLC purchased a new stake in APH valued at around $9,606,000 in the second quarter. In total, there are 1,372 active investors with 96.80% ownership of the company’s stock.
During the past 12 months, Amphenol Corporation has had a low of $61.67 and a high of $82.86. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 2.60, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $48.73B, which is based on a 25.06 price-to-earnings ratio, a 3.35 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for APH is $76.73 and a two-hundred day moving average price translates $76.50 for the stock.
The latest earnings results from Amphenol Corporation (NYSE: APH) was released for Mar, 2023. According to the Electronic Components Company, earnings per share came in at $0.69, beating analysts’ expectations of $0.67 by 0.02. This compares to $0.69 EPS in the same period last year. The net profit margin was 15.20% and return on equity was 28.00% for APH. The company reported revenue of $2.97 billion for the quarter, compared to $2.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.75 percent. For the current quarter, analysts expect APH to generate $2.95B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2023. Investors who held shares on 06/20/2023 were paid a $0.21 dividend. On an annualized basis, this represents a $0.84 dividend and a 1.08% percent yield. There was an ex-dividend date of 06/16/2023 for this dividend. In terms of dividend payout ratio, APH is presently at 25.50%.
Amphenol Corporation(APH) 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. The company offers connectors and connector systems, including harsh environment data, power, high-speed, fiber optic, and radio frequency interconnect products; busbars and power distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.