News stories about Amphenol (NYSE:APH) have been trending somewhat positive recently, according to AlphaOne. The research firm, a service of Accern, scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amphenol earned a news sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned news headlines about the electronics maker an impact score of 72 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted AlphaOne Sentiment’s rankings:
- DXC Technology Company (:DXC) Vs. Amphenol Corporation (NYSE:APH) Delving into the Technicals – Geneva Journal (genevajournal.com)
- Insider Selling: Amphenol Co. (APH) CFO Sells 15,000 Shares of Stock (americanbankingnews.com)
- The Amphenol Co. (APH) Receives $76.50 Average PT from Analysts – BangaloreWeekly (bangaloreweekly.com)
- Richard Adam Norwitt Sells 200,000 Shares of Amphenol Co. (APH) Stock (americanbankingnews.com)
- Amphenol Co. (APH) Shares Sold by IFP Advisors Inc (lightwaveonline.com)
Shares of Amphenol (NYSE:APH) traded up 0.88% during trading on Friday, hitting $73.09. The stock had a trading volume of 174,670 shares. The firm’s 50-day moving average is $71.30 and its 200-day moving average is $69.17. The firm has a market cap of $22.34 billion, a P/E ratio of 25.93 and a beta of 0.86. Amphenol has a one year low of $55.13 and a one year high of $73.86.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. Amphenol had a net margin of 13.09% and a return on equity of 23.73%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company posted $0.59 EPS. Amphenol’s revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Amphenol will post $2.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Monday, June 19th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, June 15th. Amphenol’s payout ratio is presently 24.52%.
Several research firms have commented on APH. Morgan Stanley upped their price objective on Amphenol from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Deutsche Bank AG upped their price objective on Amphenol from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Friday, April 28th. Stifel Nicolaus increased their target price on Amphenol from $64.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, April 27th. Finally, Royal Bank of Canada increased their target price on Amphenol from $75.00 to $77.00 and gave the stock a “top pick” rating in a research note on Thursday, April 27th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Amphenol presently has an average rating of “Buy” and an average price target of $76.50.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol stock in a transaction on Monday, May 15th. The shares were sold at an average price of $73.10, for a total value of $14,620,000.00. Following the completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $21,490,815.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of Amphenol stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by insiders.
Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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