Stock On Watch: Is Buying Amphenol Corporation Here a Winning Strategy?

Stock On Watch: Is Buying Amphenol Corporation Here a Winning Strategy?

The stock of Amphenol Corporation (NYSE:APH) reached all time high today, Nov, 18 and still has $101.22 target or 48.00% above today’s $68.39 share price. This indicates more upside for the $21.53 billion company. This technical setup was reported by Barchart.com. If the $101.22 PT is reached, the company will be worth $10.33B 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 186,630 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 16.26% since April 18, 2016 and is uptrending. It has outperformed by 11.83% 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. The company was maintained on Friday, January 15 by RBC Capital Markets. The stock has “Neutral” rating given by Suntrust Robinson on Thursday, January 21. Goldman Sachs downgraded it to “Neutral” rating and $57 target price in Monday, March 14 report. Zacks downgraded Amphenol Corporation (NYSE:APH) on Wednesday, August 26 to “Buy” rating. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Thursday, July 21. RBC Capital Markets maintained the stock with “Top Pick” rating in Monday, January 18 report. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, September 20. RBC Capital Markets maintained Amphenol Corporation (NYSE:APH) rating on Thursday, October 20. RBC Capital Markets has “Top Pick” rating and $69 price target. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, July 23 report. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Hold”.

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 decreased to 1 in 2016 Q2. Its down 0.07, from 1.07 in 2016Q1. The ratio is 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.
Wagner Bowman Mgmt Corporation has invested 0.12% of its portfolio in Amphenol Corporation (NYSE:APH). Jlb & accumulated 156,675 shares or 2.55% of the stock. Parkside National Bank And has 72 shares for 0% of their US portfolio. Putnam Invests Limited Liability Company accumulated 6,914 shares or 0% of the stock. Nomura Asset Mngmt Limited reported 34,920 shares or 0.04% of all its holdings. Synovus Finance has 0.03% invested in the company for 25,974 shares. South Street Advisors Limited Liability accumulated 124,260 shares or 2.24% of the stock. State Of Wisconsin Investment Board accumulated 0.04% or 178,472 shares. Credit Agricole S A holds 0.15% or 666,644 shares in its portfolio. Hilltop last reported 0.13% of its portfolio in the stock. Old Savings Bank In accumulated 29,251 shares or 0.09% of the stock. Henderson Gp Public Ltd accumulated 767,564 shares or 0.37% of the stock. Jefferies Group Ltd Llc, a New York-based fund reported 8,427 shares. Blackrock Institutional Trust Company Na holds 0.07% of its portfolio in Amphenol Corporation (NYSE:APH) for 7.94M shares. Royal London Asset Mgmt last reported 0.1% of its portfolio in the stock.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 24 selling transactions for $117.75 million net activity. Shares for $1.25M were sold by Booker Martin. $1.59 million worth of Amphenol Corporation (NYSE:APH) shares were sold by Ivas Michael R.. On Friday, August 26 REARDON DIANA G sold $14.81 million worth of the stock or 240,000 shares. 14,000 shares were sold by Lampo Craig A, worth $854,843. $3.52 million worth of Amphenol Corporation (NYSE:APH) shares were sold by Schneider Richard. $5.22 million worth of Amphenol Corporation (NYSE:APH) was sold by WETMORE EDWARD C. The insider WALTER LUC sold $2.11M.

Another recent and important Amphenol Corporation (NYSE:APH) news was published by Equitiesfocus.com which published an article titled: “Amphenol Corporation (NYSE:APH) PEG Ratio At 2.910” on November 18, 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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