Exclusive: Could Amphenol Corporation Change Direction After Achieving 52-Week High?

Exclusive: Could Amphenol Corporation Change Direction After Achieving 52 Week High?

The stock of Amphenol Corporation (NYSE:APH) hit a new 52-week high and has $71.42 target or 4.00% above today’s $68.67 share price. The 5 months bullish chart indicates low risk for the $21.19 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $71.42 price target is reached, the company will be worth $847.60 million 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 0.93% or $0.63 during the last trading session, hitting $68.67. About 375,112 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 19.45% since April 22, 2016 and is uptrending. It has outperformed by 14.04% the S&P500.

Analysts await Amphenol Corporation (NYSE:APH) to report earnings on January, 18. They expect $0.72 earnings per share, up 14.29% or $0.09 from last year’s $0.63 per share. APH’s profit will be $222.18 million for 23.84 P/E if the $0.72 EPS becomes a reality. After $0.73 actual earnings per share reported by Amphenol Corporation for the previous quarter, Wall Street now forecasts -1.37% negative EPS growth.

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 -16.27% below today’s ($68.67) stock price. Amphenol has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Tuesday, September 20 to “Buy”. The stock has “Top Pick” rating given by RBC Capital Markets on Thursday, October 22. Zacks downgraded Amphenol Corporation (NYSE:APH) on Wednesday, August 26 to “Buy” rating. RBC Capital Markets maintained it with “Top Pick” rating and $55.0 target price in Friday, January 15 report. The stock has “Top Pick” rating given by RBC Capital Markets on Thursday, October 20. The stock has “Top Pick” rating given by RBC Capital Markets on Monday, January 18. The stock has “Top Pick” rating given by RBC Capital Markets on Thursday, July 21. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, March 14. The firm has “Hold” rating by Drexel Hamilton given on Tuesday, December 15. RBC Capital Markets maintained it with “Top Pick” rating and $64 target price in Thursday, July 23 report.

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 Q2 2016. Its down 0.07, from 1.07 in 2016Q1. The ratio fall, 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.
The Maryland-based Price T Rowe Associates Md has invested 0.02% in Amphenol Corporation (NYSE:APH). Janus Capital Mngmt accumulated 0.38% or 7.90M shares. Delta Lloyd Nv accumulated 20,555 shares or 0.04% of the stock. The Ontario – Canada-based Financial Bank Of Montreal Can has invested 0.01% in Amphenol Corporation (NYSE:APH). Royal Bancshares Of Canada has invested 0.03% of its portfolio in Amphenol Corporation (NYSE:APH). Moreover, Davis R M Inc has 1.81% invested in Amphenol Corporation (NYSE:APH) for 640,984 shares. Herndon Cap Mgmt Limited Liability Corp holds 0% of its portfolio in Amphenol Corporation (NYSE:APH) for 28 shares. New York State Teachers Retirement Systems last reported 0.08% of its portfolio in the stock. Dnb Asset Mgmt As has invested 0% of its portfolio in Amphenol Corporation (NYSE:APH). Schwab Charles Investment Management has 846,129 shares for 0.06% of their US portfolio. Regions Finance has 0.05% invested in the company for 62,292 shares. Congress Asset Mgmt Ma, a Massachusetts-based fund reported 955,559 shares. The Mississippi-based Hancock Holdings has invested 0.01% in Amphenol Corporation (NYSE:APH). The Hong Kong-based Parametrica Mngmt Ltd has invested 0.53% in Amphenol Corporation (NYSE:APH). Tru Com Of Oklahoma has 9,850 shares for 0% of their US portfolio.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 21 selling transactions for $100.55 million net activity. Lampo Craig A sold $1.48 million worth of stock. 262,000 Amphenol Corporation (NYSE:APH) shares with value of $15.46M were sold by NORWITT RICHARD ADAM. The insider Treanor John sold 247,520 shares worth $14.68 million. The insider Ivas Michael R. sold 15,000 shares worth $925,296. The insider REARDON DIANA G sold 240,000 shares worth $14.81M. Another trade for 30,000 shares valued at $1.77M was sold by Gillard Patrick. WETMORE EDWARD C sold $5.55 million worth of Amphenol Corporation (NYSE:APH) on Friday, October 21.

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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