Somewhat Positive News Coverage Somewhat Unlikely to Impact Amphenol Corporation (NYSE:APH) Share Price
Headlines about Amphenol Corporation (NYSE:APH) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Amphenol Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 45.5896978777679 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Breton Hill Capital Ltd. Buys New Position in Amkor Technology, Inc. (AMKR) (topactu.net)
- Amkor Technology, Inc. (AMKR) Shares Bought by Amalgamated Bank (vothemes.com)
- Amphenol Hits 52-Week High on Solid Q2 & Bullish Guidance (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Amphenol Corp. (finance.yahoo.com)
- Amphenol Corporation (APH) Hits a 52-Week High – Modern Readers (modernreaders.com)
A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol Corporation in a research note on Thursday, June 1st. Stifel Nicolaus upped their price target on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. BidaskClub downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their price target for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Finally, Zacks Investment Research downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Amphenol Corporation presently has a consensus rating of “Buy” and an average target price of $78.38.
Amphenol Corporation (APH) traded down 0.92% during midday trading on Thursday, reaching $77.77. 1,850,123 shares of the company were exchanged. Amphenol Corporation has a 52 week low of $59.58 and a 52 week high of $78.58. The stock has a market capitalization of $23.75 billion, a P/E ratio of 26.19 and a beta of 0.77. The firm’s 50 day moving average price is $75.33 and its 200-day moving average price is $72.29.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is currently 21.55%.
In other news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction on Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the transaction, the chief executive officer now owns 293,992 shares in the company, valued at approximately $21,490,815.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP William J. Doherty sold 61,800 shares of Amphenol Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total value of $4,827,816.00. Following the transaction, the vice president now owns 8,800 shares in the company, valued at approximately $687,456. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,265,200 shares of company stock worth $95,179,956. Insiders own 2.51% of the company’s stock.
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Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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