Breaking: After Reaching 52-Week High, Is Amphenol Corporation’s Near-Term Analysis Positive?

Breaking: After Reaching 52 Week High, Is Amphenol Corporation's Near Term Analysis Positive?

The stock of Amphenol Corporation (NYSE:APH) hit a new 52-week high and has $104.83 target or 56.00% above today’s $67.20 share price. The 8 months bullish chart indicates low risk for the $20.81 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $104.83 price target is reached, the company will be worth $11.65B 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 824,626 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 15.63% since April 7, 2016 and is uptrending. It has outperformed by 10.85% 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 Thursday, July 23 by RBC Capital Markets. Goldman Sachs upgraded Amphenol Corporation (NYSE:APH) on Monday, November 16 to “Buy” rating. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report. RBC Capital Markets maintained it with “Top Pick” rating and $63 target price in Thursday, July 21 report. The stock of Amphenol Corporation (NYSE:APH) has “Top Pick” rating given on Thursday, October 20 by RBC Capital Markets. The firm has “Top Pick” rating given on Thursday, October 22 by RBC Capital Markets. The company was maintained on Friday, January 15 by RBC Capital Markets. The rating was maintained by Suntrust Robinson with “Neutral” on Thursday, January 21. RBC Capital Markets maintained Amphenol Corporation (NYSE:APH) on Monday, January 18 with “Top Pick” rating. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 14.

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 increased, 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.
Hancock Company, a Mississippi-based fund reported 5,700 shares. First Business Financial Svcs Incorporated owns 7,216 shares or 0.11% of their US portfolio. B And T Mngmt Dba Alpha Mngmt holds 0.93% of its portfolio in Amphenol Corporation (NYSE:APH) for 22,570 shares. The Missouri-based Comm Savings Bank has invested 0.01% in Amphenol Corporation (NYSE:APH). Exane Derivatives last reported 385 shares in the company. Oak Ridge Ltd holds 74,137 shares or 0.11% of its portfolio. Moreover, Calvert Invest has 0.05% invested in Amphenol Corporation (NYSE:APH) for 16,683 shares. Taylor Frigon Capital Management Llc accumulated 1.71% or 28,574 shares. Rainier Mgmt Limited Liability Company has 0.25% invested in the company for 90,300 shares. The New York-based Brant Point Invest Mgmt Ltd Liability has invested 0.6% in Amphenol Corporation (NYSE:APH). First Allied Advisory Services Incorporated reported 10,926 shares or 0.03% of all its holdings. Utah Retirement accumulated 54,832 shares or 0.08% of the stock. Bridgewater Associate Limited Partnership holds 0.01% of its portfolio in Amphenol Corporation (NYSE:APH) for 9,300 shares. Employees Retirement Association Of Colorado has 0.38% invested in the company for 794,940 shares. Alta Management Ltd accumulated 2.89% or 816,248 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 24 sales for $117.75 million net activity. Schneider Richard sold $3.52 million worth of stock. 240,000 shares with value of $14.81M were sold by REARDON DIANA G on Friday, August 26. On Tuesday, July 26 the insider Booker Martin sold $1.25 million. Another trade for 17,500 shares valued at $1.16 million was made by Ivas Michael R. on Monday, October 31. WALTER LUC also sold $3.90 million worth of Amphenol Corporation (NYSE:APH) shares. Treanor John sold 247,520 shares worth $14.68M. Lampo Craig A also sold $1.43 million worth of Amphenol Corporation (NYSE:APH) shares.

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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