Amphenol Corporation’s (NYSE:APH) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Amphenol Corporation (NYSE:APH) in a report issued on Friday morning. The firm currently has a $72.00 target price on the electronics maker’s stock.

Several other equities research analysts also recently weighed in on APH. BidaskClub upgraded shares of Amphenol Corporation from a hold rating to a buy rating in a research note on Wednesday, July 12th. Royal Bank Of Canada increased their target price on shares of Amphenol Corporation from $77.00 to $80.00 and gave the stock a top pick rating in a research note on Tuesday, June 27th. Morgan Stanley increased their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an equal weight rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Amphenol Corporation from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a buy rating to a neutral rating and increased their target price for the stock from $75.00 to $78.00 in a research note on Wednesday, July 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $78.38.

Shares of Amphenol Corporation (NYSE APH) traded up 0.39% during midday trading on Friday, hitting $74.84. The stock had a trading volume of 695,235 shares. Amphenol Corporation has a 52-week low of $58.34 and a 52-week high of $76.67. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 26.55 and a beta of 0.77. The firm’s 50 day moving average price is $74.61 and its 200 day moving average price is $70.78.

Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Amphenol Corporation will post $2.97 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Amphenol Corporation’s (NYSE:APH) Hold Rating Reaffirmed at Stifel Nicolaus” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/07/17/amphenol-corporations-nyseaph-hold-rating-reaffirmed-at-stifel-nicolaus.html.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Monday, June 19th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.86%. Amphenol Corporation’s dividend payout ratio is currently 22.70%.

In related news, VP Martin Booker sold 46,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the completion of the transaction, the vice president now directly owns 20,400 shares of the company’s stock, valued at $1,538,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at $21,490,815.20. The disclosure for this sale can be found here. Insiders have sold 893,000 shares of company stock valued at $66,184,060 over the last three months. 2.92% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nuance Investments LLC purchased a new position in Amphenol Corporation during the first quarter valued at about $5,611,000. Birch Hill Investment Advisors LLC purchased a new position in Amphenol Corporation during the first quarter valued at about $105,000. National Pension Service boosted its position in Amphenol Corporation by 2.9% in the first quarter. National Pension Service now owns 282,709 shares of the electronics maker’s stock valued at $20,324,000 after buying an additional 8,004 shares in the last quarter. Principal Financial Group Inc. boosted its position in Amphenol Corporation by 0.5% in the first quarter. Principal Financial Group Inc. now owns 474,394 shares of the electronics maker’s stock valued at $33,763,000 after buying an additional 2,345 shares in the last quarter. Finally, USA Financial Portformulas Corp purchased a new position in Amphenol Corporation during the fourth quarter valued at about $3,113,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

About Amphenol Corporation

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

Analyst Recommendations for Amphenol Corporation (NYSE:APH)

What are top analysts saying about Amphenol Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Amphenol Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit