Price Action Alert: What Next for Amphenol Corporation Stock After Touching All-Time High?

Price Action Alert: What Next for Amphenol Corporation Stock After Touching All Time High?

The stock of Amphenol Corporation (NYSE:APH) reached all time high today, Nov, 25 and still has $72.10 target or 5.00% above today’s $68.67 share price. This indicates more upside for the $21.19 billion company. This technical setup was reported by If the $72.10 PT is reached, the company will be worth $1.06 billion 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. The stock increased 0.93% or $0.63 during the last trading session, hitting $68.67. About 375,920 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 EPS, 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 EPS 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. Amphenol has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Drexel Hamilton on Tuesday, December 15. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, March 14. The firm has “Buy” rating given on Wednesday, August 26 by Zacks. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Thursday, October 22. The company was upgraded on Tuesday, September 20 by Goldman Sachs. As per Thursday, January 21, the company rating was maintained by Suntrust Robinson. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Friday, January 15. The firm has “Top Pick” rating by RBC Capital Markets given on Thursday, July 23. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Monday, January 18. The stock of Amphenol Corporation (NYSE:APH) has “Top Pick” rating given on Thursday, July 21 by RBC Capital Markets.

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 turned 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.
Whittier Trust holds 2,560 shares or 0.01% of its portfolio. Oregon Employees Retirement Fund has invested 0.08% of its portfolio in Amphenol Corporation (NYSE:APH). Goldman Sachs Group, a New York-based fund reported 4.30M shares. First Manhattan has 7,000 shares for 0% of their US portfolio. Nomura holds 0% of its portfolio in Amphenol Corporation (NYSE:APH) for 5,200 shares. Hedeker Wealth Limited Liability Company, a Illinois-based fund reported 15,028 shares. The California-based Aperio Grp has invested 0.05% in Amphenol Corporation (NYSE:APH). Brown Brothers Harriman & accumulated 0% or 330 shares. Suntrust Banks Inc accumulated 0.01% or 42,606 shares. Lord Abbett Co Ltd Limited Liability Company, a New Jersey-based fund reported 724,030 shares. The Alabama-based Andra Ap has invested 0.05% in Amphenol Corporation (NYSE:APH). Coastline Trust Communications owns 4,821 shares or 0.06% of their US portfolio. Chemical Bank & Trust accumulated 0.1% or 12,061 shares. Morgan Dempsey Mgmt Limited Liability holds 0.11% or 5,760 shares in its portfolio. Benjamin F Edwards Inc last reported 1,074 shares in the company.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 21 insider sales for $100.55 million net activity. Another trade for 295,000 shares valued at $19.50 million was made by NORWITT RICHARD ADAM on Friday, October 21. Another trade for 30,000 shares valued at $1.77M was made by Gillard Patrick on Friday, July 22. 90,000 shares were sold by WETMORE EDWARD C, worth $5.22M. On Tuesday, August 23 Ivas Michael R. sold $925,296 worth of the stock or 15,000 shares. Lampo Craig A sold $1.48M worth of stock. Schneider Richard sold $1.48M worth of stock. $1.25M worth of shares were sold by Booker Martin on Tuesday, July 26.

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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