Short Interest in Amphenol Co. (NYSE:APH) Rises By 5.3%

Amphenol Co. (NYSE:APH) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,887,600 shares, an increase of 5.3% from the June 30th total of 2,742,600 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.0% of the company’s stock are short sold.

NYSE APH traded up $2.26 during trading on Friday, reaching $86.65. The company’s stock had a trading volume of 87,191 shares, compared to its average volume of 1,829,728. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $26.18 billion, a PE ratio of 22.96, a PEG ratio of 2.53 and a beta of 1.02. The business has a 50-day moving average price of $94.12 and a 200-day moving average price of $94.77. Amphenol has a 1-year low of $74.95 and a 1-year high of $105.51.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Amphenol’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Amphenol will post 3.59 earnings per share for the current year.



The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s payout ratio is 24.40%.

Several research firms recently commented on APH. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Morgan Stanley reduced their target price on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Longbow Research cut shares of Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price for the company. in a research note on Monday, June 17th. Wells Fargo & Co reduced their target price on shares of Amphenol from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI assumed coverage on shares of Amphenol in a research note on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 target price for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $104.41.

A number of hedge funds have recently made changes to their positions in APH. Comerica Securities Inc. lifted its stake in Amphenol by 3.4% in the 4th quarter. Comerica Securities Inc. now owns 5,227 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 173 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Amphenol by 14.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,023,060 shares of the electronics maker’s stock worth $82,888,000 after purchasing an additional 127,639 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amphenol by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 4,289,635 shares of the electronics maker’s stock worth $346,993,000 after purchasing an additional 337,756 shares in the last quarter. Millennium Management LLC purchased a new position in Amphenol in the 4th quarter worth approximately $454,000. Finally, Raymond James Trust N.A. purchased a new position in Amphenol in the 1st quarter worth approximately $202,000. 94.31% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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