Amphenol Sees Unusually Large Options Volume (NYSE:APH)

Amphenol Co. (NYSE:APHGet Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 5,573 call options on the company. This is an increase of approximately 66% compared to the average volume of 3,365 call options.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 230,000 shares of the company’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 sale, the insider now owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $29,000. Albion Financial Group UT raised its position in shares of Amphenol by 100.0% in the 2nd quarter. Albion Financial Group UT now owns 468 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the period. Mendota Financial Group LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC raised its position in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 142 shares during the period. Finally, Avior Wealth Management LLC raised its position in shares of Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 138 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Up 2.0 %

Shares of NYSE:APH opened at $70.02 on Thursday. Amphenol has a 12 month low of $39.34 and a 12 month high of $70.84. The company’s 50-day moving average price is $66.64 and its two-hundred day moving average price is $58.12. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The firm has a market cap of $84.11 billion, a P/E ratio of 42.83, a P/E/G ratio of 3.17 and a beta of 1.25.

Amphenol (NYSE:APHGet Free Report) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, research analysts forecast that Amphenol will post 1.69 EPS for the current fiscal year.

Amphenol declared that its board has initiated a share repurchase plan on Wednesday, April 24th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.26%. Amphenol’s payout ratio is presently 26.91%.

Analyst Upgrades and Downgrades

APH has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Amphenol from $68.00 to $74.50 and gave the company a “buy” rating in a research note on Friday, May 24th. Citigroup raised their price target on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Seaport Res Ptn raised shares of Amphenol to a “strong-buy” rating in a report on Monday, May 20th. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America raised their target price on shares of Amphenol from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.58.

View Our Latest Stock Analysis on Amphenol

Amphenol Company Profile

(Get Free Report)

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.

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