November 30, 2016 - By Ellis Scott
New York: In a report shared with investors and clients on 30 November, RBC Capital Mkts kept their “Top Pick” rating on shares of Amphenol (NYSE:APH). They currently have a $71 target on the company. RBC Capital Mkts’s target gives a potential upside of 3.76% from the company’s stock close price.
Out of 6 analysts covering Amphenol (NYSE:APH), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $69 is the highest target while $52 is the lowest. The $57.50 average target is -15.97% below today’s ($68.43) stock price. Amphenol has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, March 14 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Thursday, July 23 with “Top Pick”. Drexel Hamilton initiated Amphenol Corporation (NYSE:APH) on Tuesday, December 15 with “Hold” rating. The rating was maintained by Suntrust Robinson on Thursday, January 21 with “Neutral”. Zacks downgraded the shares of APH in a report on Wednesday, August 26 to “Buy” rating. RBC Capital Markets maintained the shares of APH in a report on Friday, January 15 with “Top Pick” rating. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Thursday, October 22. The firm earned “Buy” rating on Monday, November 16 by Goldman Sachs. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Monday, January 18. As per Thursday, October 20, the company rating was maintained by RBC Capital Markets.
The stock decreased 0.09% or $0.06 during the last trading session, hitting $68.43. Amphenol Corporation (NYSE:APH) has risen 20.03% since April 27, 2016 and is uptrending. It has outperformed by 14.80% the S&P500.
Analysts await Amphenol Corporation (NYSE:APH) to report earnings on January, 18. They expect $0.72 earnings per share, up 14.29% or $0.09 from last year’s $0.63 per share. APH’s profit will be $221.48M for 23.76 P/E if the $0.72 EPS becomes a reality. After $0.73 actual earnings per share reported by Amphenol Corporation for the previous quarter, Wall Street now forecasts -1.37% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.07, from 1.07 in 2016Q1. The ratio turned negative, as 28 funds sold all Amphenol Corporation shares owned while 166 reduced positions. 43 funds bought stakes while 164 increased positions. They now own 296.53 million shares or 1.38% less from 300.68 million shares in 2016Q1.
Lmr Ptnrs Llp holds 0.07% of its portfolio in Amphenol Corporation (NYSE:APH) for 7,807 shares. Piedmont Inv Advisors Ltd Co has 0% invested in the company for 6 shares. Moreover, Louisiana State Employees Retirement has 0.06% invested in Amphenol Corporation (NYSE:APH) for 20,200 shares. Macguire Cheswick And Tuttle Inv Counsel Limited Liability Corp has 2.56% invested in the company for 200,805 shares. Bbva Compass National Bank & Trust holds 0.05% or 10,534 shares in its portfolio. Bb&T has invested 0.01% of its portfolio in Amphenol Corporation (NYSE:APH). Moreover, Janus Management Ltd Liability Company has 0.38% invested in Amphenol Corporation (NYSE:APH) for 7.90 million shares. Nippon Life Insurance accumulated 0.04% or 26,407 shares. Veritable L P reported 16,391 shares or 0.02% of all its holdings. Plante Moran Financial Advisors Limited Co has 0.02% invested in the company for 572 shares. Wesbanco Bancorp has 0.17% invested in the company for 49,858 shares. Mizuho Asset Management Coltd holds 3,872 shares or 0.04% of its portfolio. Reilly Herbert Faulkner Iii accumulated 2.2% or 52,278 shares. Kayne Anderson Rudnick Investment Mngmt Limited Liability Company last reported 0.4% of its portfolio in the stock. The Iowa-based Dubuque Fincl Bank And Tru Co has invested 0% in Amphenol Corporation (NYSE:APH).
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 19 insider sales for $97.48 million net activity. $1.65M worth of shares were sold by Lampo Craig A on Friday, October 21. Ivas Michael R. sold $1.16M worth of stock or 17,500 shares. The insider REARDON DIANA G sold $14.81M. NORWITT RICHARD ADAM also sold $19.50M worth of Amphenol Corporation (NYSE:APH) shares. 65,000 shares were sold by WALTER LUC, worth $3.90M. Schneider Richard sold $3.52 million worth of stock. $1.25M worth of shares were sold by Booker Martin on Tuesday, July 26.
Amphenol Corporation is a designer, maker and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor products, and coaxial and specialty cable. The company has a market cap of $21.05 billion. The Firm operates through two divisions: Interconnect Products and Assemblies, and Cable Products and Solutions. It has a 27.39 P/E ratio. The Interconnect Product and Assemblies segment primarily is engaged in designing, manufacturing and marketing a range of connector and connector systems, value-add products and other products, including antennas and sensors, used in a range of applications in various end markets.
According to Zacks Investment Research, “Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable. The primary end markets for the company’s products are communication systems for the converging technologies of voice, video and data communications, commercial and military aerospace electronics applications, and industrial factory automation equipment and automotive and mass transportation applications.”
Amphenol Corporation (Amphenol), incorporated on December 19, 1986, is a designer, maker and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor products, and coaxial and specialty cable. The Firm operates through two divisions: Interconnect Products and Assemblies, and Cable Products and Solutions.
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By Ellis Scott