Short Interest in Amphenol Co. (NYSE:APH) Expands By 19.0%

Amphenol Co. (NYSE:APH) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 13,940,000 shares, a growth of 19.0% from the December 15th total of 11,710,000 shares. Based on an average daily volume of 6,480,000 shares, the short-interest ratio is presently 2.2 days.

Analyst Ratings Changes

APH has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated 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. Over the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Institutional investors and hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC lifted its position in Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the period. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc increased its stake in Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares in the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after acquiring an additional 189 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of Amphenol by 4.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock worth $294,000 after acquiring an additional 199 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Down 0.6 %

Shares of APH stock traded down $0.42 on Friday, hitting $69.44. 9,780,875 shares of the company’s stock traded hands, compared to its average volume of 5,171,896. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol has a one year low of $47.76 and a one year high of $75.78. The company’s fifty day simple moving average is $71.82 and its 200 day simple moving average is $67.75. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for 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 firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. Equities analysts forecast that Amphenol will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Amphenol Company Profile

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.