Amphenol Target of Unusually Large Options Trading (NYSE:APH)

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Amphenol Co. (NYSE:APH) was the recipient of some unusual options trading activity on Thursday. Traders acquired 3,234 call options on the stock. This represents an increase of approximately 851% compared to the average daily volume of 340 call options.

APH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, December 13th. Truist Securities upped their price objective on shares of Amphenol from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 19th. The Goldman Sachs Group upped their price objective on shares of Amphenol from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, January 10th. Cowen cut shares of Amphenol from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. in a research report on Friday, January 7th. Finally, Morgan Stanley increased their target price on Amphenol from $80.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 15th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $82.86.

In other news, CEO Richard Adam Norwitt sold 547,087 shares of the stock in a transaction on Friday, December 3rd. The stock was sold at an average price of $81.48, for a total value of $44,576,648.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William J. Doherty sold 165,800 shares of the stock in a transaction on Tuesday, December 7th. The shares were sold at an average price of $83.77, for a total value of $13,889,066.00. The disclosure for this sale can be found here. Insiders sold a total of 985,600 shares of company stock valued at $81,038,736 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Spire Wealth Management lifted its stake in Amphenol by 1,302.5% in the 4th quarter. Spire Wealth Management now owns 10,084 shares of the electronics maker’s stock valued at $882,000 after purchasing an additional 9,365 shares during the last quarter. Wedmont Private Capital acquired a new stake in Amphenol in the 4th quarter valued at about $368,000. Louisiana State Employees Retirement System lifted its stake in Amphenol by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 37,500 shares of the electronics maker’s stock valued at $3,280,000 after purchasing an additional 300 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in Amphenol by 35.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 9,193 shares of the electronics maker’s stock valued at $804,000 after purchasing an additional 2,409 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Amphenol by 0.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 89,522 shares of the electronics maker’s stock valued at $7,830,000 after purchasing an additional 651 shares during the last quarter. Institutional investors own 94.75% of the company’s stock.

APH stock opened at $81.61 on Friday. The stock has a market cap of $48.81 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The stock has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $77.58. The company has a current ratio of 2.40, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82. Amphenol has a 1 year low of $58.58 and a 1 year high of $88.45.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Tuesday, October 26th. The electronics maker reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Amphenol had a return on equity of 25.73% and a net margin of 14.43%. Amphenol’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, analysts forecast that Amphenol will post 2.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 12th. Stockholders of record on Tuesday, December 21st were issued a $0.20 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 33.68%.

About Amphenol

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.

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