A Reversal for Amphenol Corporation (APH) Is Not Near. The Stock Reaches 52-Week High Today

September 17, 2017 - By Nellie Frank

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.10, from 1 in 2016Q3. It is negative, as 34 investors sold Amphenol Corporation shares while 200 reduced holdings. 56 funds opened positions while 154 raised stakes. 296.91 million shares or 1.03% more from 293.87 million shares in 2016Q3 were reported.
Prudential Public Ltd Com holds 0.01% or 26,600 shares. Aqr Capital reported 22,688 shares. Nuveen Asset Mgmt Limited Liability Company holds 0.08% in Amphenol Corporation (NYSE:APH) or 242,214 shares. Royal Bancshares Of Canada owns 860,092 shares. Raymond James And Assoc owns 0.01% invested in Amphenol Corporation (NYSE:APH) for 45,940 shares. Cap Investors holds 24.97M shares or 0.42% of its portfolio. Johnson Finance Gp holds 5,797 shares or 0.06% of its portfolio. American Commercial Bank owns 5 shares. Paloma Management invested in 0.01% or 20,630 shares. Magnetar Limited Liability Corp invested in 0.01% or 9,260 shares. Cornerstone Advsrs has 217 shares. 86,250 are owned by Ontario Teachers Pension Plan Board. Gam Ag accumulated 61,878 shares. Hemenway Limited Liability, New Hampshire-based fund reported 8,440 shares. Advantus Management Incorporated holds 30,926 shares or 0.06% of its portfolio.

Since May 15, 2017, it had 0 buys, and 5 sales for $66.18 million activity. Booker Martin sold $3.47 million worth of stock. $14.62 million worth of Amphenol Corporation (NYSE:APH) was sold by NORWITT RICHARD ADAM on Monday, May 15. 200,000 shares valued at $14.98 million were sold by REARDON DIANA G on Wednesday, May 31. Shares for $32.02 million were sold by Raley Zachary W on Wednesday, May 24.

The stock of Amphenol Corporation (NYSE:APH) hit a new 52-week high and has $86.71 target or 5.00 % above today’s $82.58 share price. The 8 months bullish chart indicates low risk for the $25.22B company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $86.71 price target is reached, the company will be worth $1.26B 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.

The stock increased 0.68% or $0.56 on September 15, reaching $82.58. About 1.13 million shares traded or 10.78% up from the average. Amphenol Corporation (NYSE:APH) has risen 31.78% since September 17, 2016 and is uptrending. It has outperformed by 15.08% the S&P500.

Wall Street await Amphenol Corporation (NYSE:APH) to release earnings on October, 18. Analysts forecast earnings per share of $0.79, up exactly $0.06 or 8.22 % from 2014’s $0.73 EPS. The expected APH’s profit could reach $241.27M giving the stock 26.13 P/E in the case that $0.79 earnings per share is reported. After posting $0.81 EPS for the previous quarter, Amphenol Corporation’s analysts now forecast -2.47 % negative EPS growth.

Amphenol Corporation (NYSE:APH) Ratings Coverage

Among 7 analysts covering Amphenol (NYSE:APH), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Amphenol has $85.0 highest and $52 lowest target. $67.71’s average target is -18.01% below currents $82.58 stock price. Amphenol had 26 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Amphenol Corporation (NYSE:APH) earned “Neutral” rating by Goldman Sachs on Thursday, July 6. The stock of Amphenol Corporation (NYSE:APH) has “Top Pick” rating given on Thursday, April 27 by RBC Capital Markets. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Thursday, March 2. The rating was maintained by Suntrust Robinson on Thursday, January 21 with “Neutral”. As per Wednesday, November 30, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of APH in report on Tuesday, June 27 with “Top Pick” rating. The stock of Amphenol Corporation (NYSE:APH) earned “Buy” rating by RBC Capital Markets on Tuesday, August 29. As per Tuesday, September 1, the company rating was upgraded by Zacks. The stock has “Buy” rating by Goldman Sachs on Tuesday, September 20. The firm has “Top Pick” rating by RBC Capital Markets given on Monday, January 18.

More news for Amphenol Corporation (NYSE:APH) were recently published by: Nasdaq.com, which released: “Amphenol Corporation (APH) Ex-Dividend Date Scheduled for September 15, 2017” on September 14, 2017. Seekingalpha.com‘s article titled: “Amphenol Is A Buy” and published on August 31, 2017 is yet another important article.

Amphenol Corporation is a designer, maker and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The company has market cap of $25.22 billion. The Firm operates through two divisions, which include Interconnect Products and Assemblies, and Cable Products and Solutions. It has a 27.87 P/E ratio. The Company’s 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 set of end markets.

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