Amphenol (NYSE:APH) Shares Gap Up After Earnings Beat

Amphenol Co. (NYSE:APH)’s stock price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $65.75, but opened at $76.02. Amphenol shares last traded at $73.25, with a volume of 3,457,917 shares traded.

The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same period in the previous year, the business earned $0.40 earnings per share.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. Amphenol’s dividend payout ratio is presently 34.55%.

Analysts Set New Price Targets

Several analysts have recently weighed in on APH shares. Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group cut their price objective on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. UBS Group decreased their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Citigroup reduced their target price on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $79.40.

Hedge Funds Weigh In On Amphenol

Institutional investors and hedge funds have recently modified their holdings of the business. Penobscot Investment Management Company Inc. boosted its stake in shares of Amphenol by 6.5% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 163,242 shares of the electronics maker’s stock worth $10,707,000 after buying an additional 9,952 shares during the last quarter. Western Wealth Management LLC increased its position in Amphenol by 9.1% during the 1st quarter. Western Wealth Management LLC now owns 5,218 shares of the electronics maker’s stock worth $342,000 after buying an additional 434 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Amphenol by 19.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 26,893 shares of the electronics maker’s stock worth $1,764,000 after purchasing an additional 4,337 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings in Amphenol by 71.1% in the 1st quarter. Phillips Wealth Planners LLC now owns 5,381 shares of the electronics maker’s stock valued at $352,000 after acquiring an additional 2,236 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Amphenol by 29.4% during the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker’s stock worth $1,144,000 after buying an additional 3,964 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

The business’s 50 day moving average is $65.24 and its 200-day moving average is $68.78. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $86.19 billion, a P/E ratio of 37.14, a PEG ratio of 1.92 and a beta of 1.17.

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.