NYSE: APH – Amphenol Corporation In a research report issued on November 22, analysts at Jefferies Financial Group provided their forecasts for Amphenol shares’ earnings per share (EPS) during the fiscal year 2024.D. Kelley of Jefferies Financial Group forecasts that the electrical goods manufacturer will bring in $3.27 per share in profits this year. The stock of Jefferies Financial Group is currently assigned a rating of “Hold,” and there is a target price of $88,00 set for the stock. The current consensus estimate has Amphenol’s full-year earnings at $2.97 per share, which is the expected amount to be earned.
On Wednesday, October 26, Amphenol (NYSE: APH) issued a press release containing its most recent quarterly earnings report. The electronic goods manufacturer reported a profit of $0.80 per share for the period under review, which was $0.05 more than the consensus forecast of $0.75 per share. The revenue for the quarter was $3.30 billion, which was significantly more than the consensus estimate of $3.11 billion among analysts. The return on equity for Amphenol was 28.02 percent, and the company’s net margin was 14.98 percent. Amphenol’s sales rose by 16.9% when measured against the prior year’s performance during the same period. The company had a net income of $0.65 per share during the previous year.
NYSE: APH began trading on Wednesday at $80.08 per share. The stock price has reached $72.95 and $71.56 on its 50-day and 200-day simple moving averages, respectively. The company has a price-to-earnings ratio of 2.35, a price-to-growth ratio of 26.87, and a beta value of 1.25. Its market capitalization is $47.66 billion. The ratio of debt to equity is 0.72; the quick ratio to current ratio is 1.60, and the current ratio to quick ratio is 2.38. Amphenol’s price has ranged from $61.67 to $88.45 over the past year, with a low of $61.67 and a high of $88.45.
Several other analysts have also expressed their opinions regarding APH. JPMorgan Chase & Co. increased their price objective on Amphenol from $80.00 to $90.00 and rated the company as “overweight” in a research note published on October 10. UBS Group increased their price target on Amphenol from $80.00 to $93.00 and set the stock at a “buy” rating in a research report published on Tuesday, August 23. Last but not least, in a research study dated November 4 and made available on StockNews.com, the “buy” recommendation assigned to Amphenol was changed to a “hold” one. The stock has been given a rating of “Hold” by five different financial analysts, while a rating of “buy” has been assigned by four other analysts. According to Bloomberg.com, the stock is rated “Hold” on average, and analysts have set an average price objective of $84.56.
In recent weeks, several hedge funds and other types of institutional investors have shifted their holdings of APH. During the second quarter, MV Capital Management Inc. boosted the percentage of Amphenol stock owned by 1,126 percent. MV Capital Management Inc. now owns 406 shares of the electronics manufacturer’s stock, valued at $26,000, after making an additional purchase of 215 shares during the most recent quarter. During the first three months of the year, Prospera Financial Services, Inc. acquired a new investment in Amphenol by paying roughly $30,000. In addition, during the first three months of 2018, Tcwp LLC was able to purchase a new interest in Amphenol valued at around $36,000. Finally, during the first three months of 2018, Valley National Advisers Inc. boosted the percentage of Amphenol stock owned by 124.9%. After making an additional purchase of 276 shares during the most recent quarter, Valley National Advisers Inc. now has 497 shares of the stock in the electronics maker, which are currently valued at $37,000.
Last but not least, during the second quarter, NuWave Investment Management LLC added 40.5% to its holding in Amphenol. Since the beginning of the most recent quarter, NuWave Investment Management LLC has acquired an additional 202 shares of the electronic manufacturer’s stock, bringing their total holdings to 701 shares of the company’s stock with a value of $45,000. At this time, hedge funds and other institutional investors hold 93.50% of the company’s shares.
On Thursday, November 10, Amphenol Vice President and Chief Financial Officer Lance E. D’Amico sold 40,000 shares. At an average price of $78.79 per share, the shares of the stock were able to be sold for a total of $3,151,600.00. Because of the transaction, the firm’s vice president now owns 25,700 shares of the company’s stock, which have a combined value of $2,024,903. You may learn more about the transaction by looking at the legal document submitted to the Securities and Exchange Commission (which can be viewed here). In other developments involving Amphenol, Vice President Lance E. D’Amico sold 40,000 shares of the company’s stock on Thursday, November 10. At an average price of $78.79 per share, the stock could bring in a total of $3,151,600.00 when sold. As a direct consequence of the sale, the vice president now directly owns 25,700 shares of the company, which have a combined value of $2,024,903. The transaction was disclosed in a filing with the SEC, which can be accessed by clicking on the following link: Additionally, on Friday, November 11, corporate insider William J. Doherty sold 127,000 shares of the company’s stock. At an average price of $79.82 per share, the shares were able to bring in a total of $10,137,140.00 after being sold. Following the completion of the transaction, the insider now possesses 204,412 shares of the firm, which have an aggregate value of $16,316,165.84. The disclosure for this sale can be found at this location. There is 2.10% of the business’s stock owned by company insiders.