Amphenol (NYSE:APH) Stock Crosses Above 200-Day Moving Average - Here's Why

Amphenol Co. (NYSE:APH - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.54 and traded as high as $70.09. Amphenol shares last traded at $69.50, with a volume of 5,513,159 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on APH shares. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.63.

Amphenol Stock Performance

The firm has a market cap of $83.73 billion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The firm has a fifty day simple moving average of $71.67 and a two-hundred day simple moving average of $67.55.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol's dividend payout ratio is currently 37.93%.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the company's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last three months. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amphenol

Several large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Amphenol by 69.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. raised its holdings in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the period. Legal & General Group Plc boosted its position in Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after purchasing an additional 5,293,292 shares in the last quarter. National Bank of Canada FI grew its holdings in Amphenol by 263.0% in the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker's stock valued at $240,935,000 after purchasing an additional 2,585,282 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Amphenol by 81.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,775,417 shares of the electronics maker's stock valued at $321,720,000 after buying an additional 2,150,354 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Amphenol

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.