Amphenol Target of Unusually Large Options Trading (NYSE:APH)

Amphenol Co. (NYSE:APH) was the recipient of unusually large options trading on Thursday. Stock investors acquired 3,234 call options on the stock. This is an increase of 851% compared to the average volume of 340 call options.

A number of research analysts recently issued reports on APH shares. Truist Securities lifted their target price on Amphenol from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 19th. Jefferies Financial Group lifted their target price on Amphenol from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, September 22nd. JPMorgan Chase & Co. increased their price target on Amphenol from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, December 13th. Truist increased their price target on Amphenol from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 19th. Finally, Cowen lowered Amphenol from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research report on Friday, January 7th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Amphenol has a consensus rating of “Buy” and an average target price of $82.86.

In other news, SVP Jean-Luc Gavelle sold 54,800 shares of the firm’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $84.53, for a total transaction of $4,632,244.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 217,913 shares of the firm’s stock in a transaction on Monday, December 6th. The shares were sold at an average price of $82.33, for a total value of $17,940,777.29. The disclosure for this sale can be found here. Insiders sold 985,600 shares of company stock worth $81,038,736 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of APH. CX Institutional increased its stake in shares of Amphenol by 10.3% during the 3rd quarter. CX Institutional now owns 1,319 shares of the electronics maker’s stock worth $97,000 after purchasing an additional 123 shares during the last quarter. WealthShield Partners LLC increased its stake in shares of Amphenol by 3.8% during the 3rd quarter. WealthShield Partners LLC now owns 3,403 shares of the electronics maker’s stock worth $249,000 after purchasing an additional 123 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Amphenol by 2.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 5,092 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 139 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Amphenol by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 4,755 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 143 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Amphenol by 0.9% during the 2nd quarter. Advisor Partners LLC now owns 16,132 shares of the electronics maker’s stock worth $1,104,000 after purchasing an additional 151 shares during the last quarter. 94.75% of the stock is owned by institutional investors.

Shares of NYSE APH opened at $81.61 on Friday. Amphenol has a one year low of $58.58 and a one year high of $88.45. The firm has a market capitalization of $48.81 billion, a PE ratio of 34.36, a PEG ratio of 2.33 and a beta of 1.24. The company has a current ratio of 2.40, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $77.58.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Tuesday, October 26th. The electronics maker reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol had a return on equity of 25.73% and a net margin of 14.43%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. Research analysts anticipate that Amphenol will post 2.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 12th. Investors of record on Tuesday, December 21st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, December 20th. This is a positive change from Amphenol’s previous quarterly dividend of $0.15. Amphenol’s dividend payout ratio (DPR) is presently 33.68%.

About Amphenol

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.

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