Amphenol Sees Unusually Large Options Volume (NYSE:APH)

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

Insider Buying and Selling

In related news, insider Luc Walter sold 230,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the completion of the sale, the insider now directly owns 397,280 shares of the company’s stock, valued at approximately $26,844,209.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Amphenol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Amphenol by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock worth $8,473,608,000 after acquiring an additional 321,861 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amphenol by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after buying an additional 1,979,022 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Amphenol by 0.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,212,184 shares of the electronics maker’s stock valued at $1,309,724,000 after buying an additional 67,091 shares during the period. Norges Bank acquired a new position in shares of Amphenol in the 4th quarter valued at about $1,078,167,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Amphenol by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 4,015,628 shares of the electronics maker’s stock valued at $398,069,000 after buying an additional 20,521 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 2.0 %

Shares of APH stock opened at $70.02 on Thursday. Amphenol has a 1-year low of $39.34 and a 1-year high of $70.84. The stock’s fifty day moving average price is $66.64 and its 200 day moving average price is $58.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. The company has a market cap of $84.11 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 3.17 and a beta of 1.25.

Amphenol (NYSE:APHGet Free Report) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts expect that Amphenol will post 1.69 earnings per share for the current fiscal year.

Amphenol announced that its Board of Directors has approved a share buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Amphenol Dividend Announcement

The company also recently declared 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 was Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.26%. Amphenol’s dividend payout ratio is currently 26.91%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Evercore ISI restated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. JPMorgan Chase & Co. raised their price objective on Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Citigroup raised their price objective on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Truist Financial raised their price objective on Amphenol from $68.00 to $74.50 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Robert W. Baird lifted their price target on Amphenol from $61.50 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.58.

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Amphenol Company Profile

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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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