Amphenol Co. (NYSE:APH) Short Interest Down 7.1% in January

Amphenol Co. (NYSE:APH) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 12,650,000 shares, a drop of 7.1% from the January 15th total of 13,620,000 shares. Based on an average trading volume of 6,910,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of APH. Norges Bank purchased a new stake in Amphenol during the 4th quarter worth approximately $1,378,794,000. Bank of America Corp DE increased its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP boosted its stake in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after acquiring an additional 3,933,269 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Up 0.1 %

Shares of NYSE:APH traded up $0.07 during mid-day trading on Tuesday, hitting $68.95. 6,352,020 shares of the company traded hands, compared to its average volume of 7,721,494. The firm has a market cap of $83.13 billion, a P/E ratio of 36.01, a PEG ratio of 1.99 and a beta of 1.23. Amphenol has a 52-week low of $52.06 and a 52-week high of $79.39. The firm’s 50 day simple moving average is $71.09 and its 200 day simple moving average is $68.47. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. On average, equities analysts anticipate that Amphenol will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

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.