Amphenol Co. (NYSE:APH) Short Interest Up 30.7% in November

Amphenol Co. (NYSE:APH) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,230,000 shares, a growth of 30.7% from the October 31st total of 10,890,000 shares. Based on an average trading volume of 6,800,000 shares, the short-interest ratio is presently 2.1 days.

Amphenol Stock Performance

Shares of APH opened at $72.65 on Monday. Amphenol has a one year low of $45.01 and a one year high of $74.93. The firm has a market capitalization of $87.59 billion, a PE ratio of 41.75, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23. The company has a 50-day simple moving average of $68.51 and a two-hundred day simple moving average of $66.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, analysts anticipate that Amphenol will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APH shares. TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI raised their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Texas Permanent School Fund Corp lifted its position in Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after purchasing an additional 75,753 shares during the period. United Services Automobile Association raised its stake in Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock valued at $2,154,000 after buying an additional 16,149 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after buying an additional 90,450 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after buying an additional 19,496 shares during the last quarter. Finally, LMR Partners LLP grew its holdings in shares of Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after acquiring an additional 223,784 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.