The stock of Amphenol Corporation (NYSE:APH) reached all time high today, Oct, 10 and still has $89.58 target or 37.00% above today’s $65.39 share price. This indicates more upside for the $20.14B company. This technical setup was reported by Barchart.com. If the $89.58 PT is reached, the company will be worth $7.45B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 147,569 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 15.23% since March 7, 2016 and is uptrending. It has outperformed by 7.64% the S&P500.
Analysts await Amphenol Corporation (NYSE:APH) to report earnings on October, 19 before the open. They expect $0.68 earnings per share, up 4.62% or $0.03 from last year’s $0.65 per share. APH’s profit will be $209.44M for 24.04 P/E if the $0.68 EPS becomes a reality. After $0.65 actual earnings per share reported by Amphenol Corporation for the previous quarter, Wall Street now forecasts 4.62% EPS growth.
Amphenol Corporation (NYSE:APH) Ratings Coverage
Out of 6 analysts covering Amphenol (NYSE:APH), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Amphenol has been the topic of 14 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Thursday, July 23. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Thursday, July 21. The firm has “Hold” rating given on Tuesday, December 15 by Drexel Hamilton. The stock of Amphenol Corporation (NYSE:APH) has “Buy” rating given on Wednesday, August 26 by Zacks. The stock of Amphenol Corporation (NYSE:APH) has “Top Pick” rating given on Monday, January 18 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 20 by Goldman Sachs. As per Tuesday, September 1, the company rating was upgraded by Zacks. RBC Capital Markets maintained Amphenol Corporation (NYSE:APH) rating on Thursday, October 22. RBC Capital Markets has “Top Pick” rating and $60 price target. The stock of Amphenol Corporation (NYSE:APH) has “Buy” rating given on Monday, November 16 by Goldman Sachs. As per Friday, January 15, the company rating was maintained by RBC Capital 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.”
Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.13, from 0.94 in 2016Q1. The ratio increased, 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.
Eqis Capital owns 6,533 shares or 0.03% of their US portfolio. Blackrock holds 651,690 shares or 0.06% of its portfolio. Alecta Pensionsforsakring Omsesidigt last reported 3.25 million shares in the company. Hirtle Callaghan Ltd Liability Corporation owns 3,112 shares or 0.03% of their US portfolio. Benjamin F Edwards accumulated 1,074 shares or 0.01% of the stock. Exane Derivatives has 385 shares for 0% of their US portfolio. Hilltop owns 6,938 shares or 0.13% of their US portfolio. Deere And Com holds 13,855 shares or 0.04% of its portfolio. The Wisconsin-based Jacobson Schmitt Advsr Limited Liability Company has invested 3.06% in Amphenol Corporation (NYSE:APH). Bessemer Grp has 0.01% invested in the company for 18,152 shares. Wfg Lp holds 4,281 shares or 0.07% of its portfolio. Motco last reported 98,351 shares in the company. Chevy Chase Hldg accumulated 263,721 shares or 0.08% of the stock. Cibc Asset Management holds 0.01% of its portfolio in Amphenol Corporation (NYSE:APH) for 31,675 shares. Moreover, Pictet Asset Mngmt Ltd has 0.04% invested in Amphenol Corporation (NYSE:APH) for 157,707 shares.
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 22 sales for $92.72 million net activity. 80,000 shares with value of $4.56M were sold by BADIE RONALD P on Wednesday, April 27. Gillard Patrick sold $1.77M worth of Amphenol Corporation (NYSE:APH) on Friday, July 22. On Thursday, August 11 the insider WALTER LUC sold $2.11 million. Ivas Michael R. sold $1.59 million worth of stock. NORWITT RICHARD ADAM had sold 262,000 shares worth $15.46M on Friday, July 22. On Monday, August 29 Lampo Craig A sold $1.43 million worth of the stock or 23,000 shares. The insider Booker Martin sold 21,200 shares worth $1.25 million.
APH Company Profile
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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