The Vanguard Group, Inc. recently announced the acquisition of new stake in Amphenol Corporation (NYSE:APH). The institutional investor has increased its shareholding in the Technology company by 1.58% to 69.04 million shares with purchase of 1.07 million shares. This fresh investment now brings its stake to 11.61% valued currently at $5.35 billion. In addition, Fidelity Management & Research Co raised its holdings by 0.58 million to 50.7 million shares. And BlackRock Fund Advisors has lifted its position by 3.17% or 1.02 million shares – to 33.11 million shares.
With over 2.43 million Amphenol Corporation (APH) shares trading Monday and a closing price of $76.25 on the day, the dollar volume was approximately $185.08 million. The shares have shown a positive half year performance of 0.46% and its price on 03/13/23 lost nearly -0.33%. Currently, there are 595.00M common shares owned by the public and among those 591.63M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for APH have a consensus price objective of $87.93. The analysts have set the share’s price value over the next 12 months at a high of $97.00 and a low of $75.00. The average price target is 11.71% above its recent price level and a downside to the estimated low will see the stock lose -1.67% over that period. But an upside of 21.39% will see the stock hit the forecast high price target while median target price for the stock is $89.00.
Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 1,183,480 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 1,168,400 shares.
The top 3 mutual fund holders in Amphenol Corporation are Fidelity Contrafund, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund. Fidelity Contrafund owns 21.43 million shares of the company’s stock, all valued at over $1.66 billion. The company sold 17709.0 shares recently to bring their total holdings to about 3.60% of the shares outstanding. Vanguard Total Stock Market Index bought 0.13 million shares to see its total holdings expand to 18.24 million shares valued at over $1.41 billion and representing 3.07% of the shares outstanding. Vanguard Mid Cap Index Fund bought 22288.0 shares to bring its total holdings to over 13.86 million shares at a value of $1.07 billion. Vanguard Mid Cap Index Fund now owns shares totaling to 2.33% of the shares outstanding.
Shares of Amphenol Corporation (NYSE: APH) opened at $75.96, down -$0.54 from a prior closing price of $76.50. However, the script later moved the day high at 77.03, down -0.33%. The company’s stock has a 5-day price change of -3.64% and -4.15% over the past three months. APH shares are trading 0.14% year to date (YTD), with the 12-month market performance up to 2.67% higher. It has a 12-month low price of $61.67 and touched a high of $82.86 over the same period. APH has an average intraday trading volume of 2.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.21%, -3.49%, and 2.42% respectively.
Institutional ownership of Amphenol Corporation (NYSE: APH) shares accounts for 96.80% of the company’s 595.00M shares outstanding. Mutual fund holders own 39.79%, while other institutional holders and individual stakeholders account for 58.40% and 1.30% respectively.
It has a market capitalization of $46.20B and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 24.89, while the earnings-per-share (ttm) stands at $3.06. The company has a PEG of 2.52 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.25% over the week and 1.72% over the month.
Analysts forecast that Amphenol Corporation (APH) will achieve an EPS of $0.67 for the current quarter, $0.73 for the next quarter and $3.33 for 2024. The lowest estimate earnings-per-share for the quarter is $0.65 while analysts give the company a high EPS estimate of $0.72. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to increase by 22.10%, and 10.23% over the next financial year. EPS should shrink at an annualized rate of 9.86% over the next five years, compared to 13.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Amphenol Corporation (APH) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 8 of the 18 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the APH, a number of firms have released research notes about the stock. Credit Suisse stated their Outperform rating for the stock in a research note on December 13, 2022, with the firm’s price target at $93. Jefferies coverage for the Amphenol Corporation (APH) stock in a research note released on November 22, 2022 offered a Hold rating with a price target of $88. JP Morgan was of a view on July 14, 2022 that the stock is Overweight, while Cowen gave the stock Market Perform rating on January 07, 2022, issuing a price target of $80. JP Morgan on their part issued Neutral rating on December 29, 2020.
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