Notable Price Action: Is Amphenol Corporation a Buy? The Stock Reaches All-Time High Today

Notable Price Action: Is Amphenol Corporation a Buy? The Stock Reaches All Time High Today

The stock of Amphenol Corporation (NYSE:APH) reached all time high today, Nov, 10 and still has $82.95 target or 23.00% above today’s $67.44 share price. This indicates more upside for the $20.97 billion company. This technical setup was reported by Barchart.com. If the $82.95 PT is reached, the company will be worth $4.82 billion 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 116,080 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 15.38% since April 8, 2016 and is uptrending. It has outperformed by 9.74% the S&P500.

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 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of APH in a report on Thursday, October 20 with “Top Pick” rating. RBC Capital Markets maintained the stock with “Top Pick” rating in Friday, January 15 report. Goldman Sachs upgraded the shares of APH in a report on Tuesday, September 20 to “Buy” rating. The rating was initiated by Drexel Hamilton on Tuesday, December 15 with “Hold”. On Thursday, July 23 the stock rating was maintained by RBC Capital Markets with “Top Pick”. On Thursday, July 21 the stock rating was maintained by RBC Capital Markets with “Top Pick”. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report. The company was maintained on Monday, January 18 by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Monday, November 16. RBC Capital Markets maintained Amphenol Corporation (NYSE:APH) on Thursday, October 22 with “Top Pick” rating.

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 is positive, 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.
Alta Mngmt Ltd has 2.89% invested in the company for 816,248 shares. First National Bank & Trust Of Mount Dora Investment owns 83,634 shares or 2.75% of their US portfolio. Hirtle Callaghan Lc has invested 0.03% of its portfolio in Amphenol Corporation (NYSE:APH). Bessemer Grp Inc Inc has 18,152 shares for 0.01% of their US portfolio. Carroll Incorporated, a North Carolina-based fund reported 809 shares. Alyeska Inv Gru Limited Partnership holds 0.26% or 438,073 shares in its portfolio. Dekabank Deutsche Girozentrale accumulated 61,516 shares or 0.04% of the stock. Jensen Management holds 2.81% or 3.16M shares in its portfolio. Synovus Financial holds 0.03% or 25,974 shares in its portfolio. First Eagle Investment Mngmt Ltd Limited Liability Company last reported 0.56% of its portfolio in the stock. Cwm Ltd Liability last reported 0% of its portfolio in the stock. California State Teachers Retirement System accumulated 635,271 shares or 0.08% of the stock. C M Bidwell And Associate Limited has 0.88% invested in the company for 61,970 shares. Gulf Int Commercial Bank (Uk) Ltd reported 93,725 shares or 0.09% of all its holdings. Tarbox Group last reported 55 shares in the company.

Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 24 selling transactions for $117.75 million net activity. WALTER LUC had sold 68,528 shares worth $4.55M on Monday, October 24. The insider Gillard Patrick sold $1.77 million. 23,000 shares were sold by Lampo Craig A, worth $1.43 million. Doherty William J also sold $1.56 million worth of Amphenol Corporation (NYSE:APH) on Wednesday, August 10. WETMORE EDWARD C sold $5.55M worth of stock or 84,000 shares. The insider Ivas Michael R. sold $1.16 million. The insider NORWITT RICHARD ADAM sold $10.69M.

Another recent and important Amphenol Corporation (NYSE:APH) news was published by Nasdaq.com which published an article titled: “Amphenol Corp (APH) President & CEO Richard Adam Norwitt Sold $–9.5 million of …” on October 29, 2016.

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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