The stock of Amphenol Corporation (NYSE:APH) hit a new 52-week high and has $105.52 target or 55.00% above today’s $68.08 share price. The 5 months bullish chart indicates low risk for the $21.37B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $105.52 price target is reached, the company will be worth $11.75B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 734,840 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 15.42% since April 15, 2016 and is uptrending. It has outperformed by 10.80% 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. $69 is the highest target while $52 is the lowest. The $57.50 average target is -15.54% below today’s ($68.08) stock price. Amphenol has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Top Pick” rating and $55 target price in Monday, January 18 report. Zacks upgraded Amphenol Corporation (NYSE:APH) on Tuesday, September 1 to “Hold” rating. The stock has “Buy” rating given by Goldman Sachs on Monday, November 16. The company was downgraded on Monday, March 14 by Goldman Sachs. As per Tuesday, September 20, the company rating was upgraded by Goldman Sachs. The firm has “Top Pick” rating by RBC Capital Markets given on Thursday, July 23. The company was downgraded on Wednesday, August 26 by Zacks. RBC Capital Markets maintained it with “Top Pick” rating and $63 target price in Thursday, July 21 report. The rating was maintained by RBC Capital Markets with “Top Pick” on Thursday, October 22. Suntrust Robinson maintained Amphenol Corporation (NYSE:APH) rating on Thursday, January 21. Suntrust Robinson has “Neutral” rating and $53 price target.
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.
Manchester Capital Lc owns 1,470 shares or 0.01% of their US portfolio. Veritable Limited Partnership accumulated 0.02% or 16,391 shares. Evercore Wealth Mgmt Ltd Liability Corp holds 0.08% of its portfolio in Amphenol Corporation (NYSE:APH) for 31,496 shares. Hemenway Llc reported 8,606 shares or 0.13% of all its holdings. Moreover, Stephens Ar has 0.27% invested in Amphenol Corporation (NYSE:APH) for 105,793 shares. Prudential Financial Inc has 424,172 shares for 0.04% of their US portfolio. Diam Com Limited reported 80,514 shares or 0.07% of all its holdings. The Switzerland-based Credit Suisse Ag has invested 0.03% in Amphenol Corporation (NYSE:APH). Tci Wealth Advsr has 38 shares for 0% of their US portfolio. Btim Corp accumulated 0.02% or 21,685 shares. Alliancebernstein Lp accumulated 9.51 million shares or 0.47% of the stock. Dearborn Limited Liability Com has 0.02% invested in the company for 5,000 shares. Nordea Inv Management Ab has 42,096 shares for 0.01% of their US portfolio. Massachusetts Ma holds 9.41 million shares or 0.27% of its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.08% or 109,583 shares in its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 24 insider sales for $117.75 million net activity. Another trade for 26,000 shares valued at $1.56 million was sold by Doherty William J. The insider Schneider Richard sold 57,800 shares worth $3.52 million. 295,000 Amphenol Corporation (NYSE:APH) shares with value of $19.50M were sold by NORWITT RICHARD ADAM. 68,528 shares were sold by WALTER LUC, worth $4.55M on Monday, October 24. On Tuesday, August 23 the insider Ivas Michael R. sold $925,296. The insider Gillard Patrick sold $1.77M. Lampo Craig A had sold 23,000 shares worth $1.43M.
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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