Amphenol Co. (NYSE:APH) Short Interest Update

Amphenol Co. (NYSE:APH) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,600,000 shares, an increase of 5.8% from the March 15th total of 7,180,000 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 2,700,000 shares, the short-interest ratio is presently 2.8 days.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 over the last quarter. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APH. Vanguard Group Inc. increased its holdings in Amphenol by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after acquiring an additional 965,951 shares in the last quarter. FMR LLC raised its stake in Amphenol by 1.3% in the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after purchasing an additional 691,964 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after purchasing an additional 8,340,759 shares in the last quarter. State Street Corp boosted its stake in Amphenol by 2.4% during the 1st quarter. State Street Corp now owns 24,794,281 shares of the electronics maker’s stock worth $2,031,342,000 after purchasing an additional 582,081 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock worth $1,283,360,000 after buying an additional 653,354 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Up 0.2 %

Shares of APH stock traded up $0.19 during trading hours on Tuesday, reaching $112.58. 1,640,226 shares of the company’s stock were exchanged, compared to its average volume of 2,708,416. The stock has a market cap of $67.72 billion, a PE ratio of 36.14, a PEG ratio of 3.23 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average price is $110.31 and its two-hundred day moving average price is $97.96. Amphenol has a 1 year low of $72.00 and a 1 year high of $119.59.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. Research analysts predict that Amphenol will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio is currently 28.30%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI boosted their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Citigroup raised their target price on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

About Amphenol

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.