Amphenol (NYSE:APH) Shares Gap Up to $62.85

Amphenol Co. (NYSE:APH)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $62.85, but opened at $125.91. Amphenol shares last traded at $123.86, with a volume of 897 shares.

A number of research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Amphenol in a report on Tuesday, December 29th. They set a “neutral” rating and a $69.00 target price on the stock. Morgan Stanley cut their price target on Amphenol to $65.50 and set an “equal weight” rating on the stock in a report on Friday. Finally, Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating and set a $66.50 price target on the stock. in a report on Friday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.91.

The firm has a 50 day simple moving average of $67.52 and a two-hundred day simple moving average of $61.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.65 and a current ratio of 2.27. The stock has a market cap of $18.44 billion, a P/E ratio of 16.24, a P/E/G ratio of 3.15 and a beta of 1.25.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Tuesday, January 26th. The electronics maker reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. Amphenol had a return on equity of 23.23% and a net margin of 14.00%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts predict that Amphenol Co. will post 3.62 EPS for the current year.

The company also recently declared a dividend, which was paid on Thursday, March 4th. Stockholders of record on Monday, March 8th were given a dividend of $0.58 per share. This represents a dividend yield of 1.81%. The ex-dividend date was Friday, March 5th. Amphenol’s dividend payout ratio (DPR) is presently 31.02%.

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Amphenol by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 14,578,379 shares of the electronics maker’s stock valued at $1,906,415,000 after purchasing an additional 340,732 shares during the period. Alliancebernstein L.P. increased its position in shares of Amphenol by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 8,407,278 shares of the electronics maker’s stock valued at $1,099,420,000 after purchasing an additional 26,204 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Amphenol by 8.7% in the 4th quarter. JPMorgan Chase & Co. now owns 8,381,009 shares of the electronics maker’s stock worth $1,095,985,000 after acquiring an additional 670,488 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amphenol by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,463,891 shares of the electronics maker’s stock worth $976,023,000 after acquiring an additional 51,576 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of Amphenol by 21.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,406,468 shares of the electronics maker’s stock worth $707,006,000 after acquiring an additional 955,441 shares during the last quarter. Institutional investors own 92.82% of the company’s stock.

About Amphenol (NYSE:APH)

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 in 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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