Amphenol Co. (NYSE:APH) Sees Large Increase in Short Interest

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

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction 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 owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was 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. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last three months. 1.80% of the stock is owned by insiders.

Institutional Trading of Amphenol

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in Amphenol by 127.3% in the first quarter. Cetera Investment Advisers now owns 95,965 shares of the electronics maker’s stock valued at $11,070,000 after buying an additional 53,740 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Amphenol by 511.9% during the first quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 21,481 shares in the last quarter. HM Payson & Co. boosted its stake in Amphenol by 6.7% in the 1st quarter. HM Payson & Co. now owns 4,869 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 307 shares in the last quarter. Appleton Partners Inc. MA grew its position in Amphenol by 99.0% during the 2nd quarter. Appleton Partners Inc. MA now owns 13,501 shares of the electronics maker’s stock worth $910,000 after purchasing an additional 6,717 shares during the last quarter. Finally, Park Place Capital Corp increased its stake in Amphenol by 68.5% during the 2nd quarter. Park Place Capital Corp now owns 3,264 shares of the electronics maker’s stock valued at $220,000 after purchasing an additional 1,327 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several recent analyst reports. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen lifted their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Price Performance

Shares of APH stock opened at $72.65 on Monday. The stock’s 50-day moving average is $68.51 and its 200 day moving average is $66.71. Amphenol has a 1-year low of $45.01 and a 1-year high of $74.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market cap of $87.59 billion, a P/E ratio of 41.75, a PEG ratio of 2.42 and a beta of 1.23.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th 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 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio 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.