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Why Amphenol Corp. (APH) Stock Could See Much Higher Prices Ahead

Amphenol Corp. (NYSE: APH) is 29.79% higher on its value in year-to-date trading and has touched a low of $39.34 and a high of $70.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APH stock was last observed hovering at around $62.85 in the last trading session, with the day’s gains setting it 1.48%.

Currently trading at $64.33, the stock is 0.41% and 0.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.6 million and changing 2.35% at the moment leaves the stock 7.26% off its SMA200. APH registered 54.32% gain for a year compared to 6-month gain of 11.90%. The firm has a 50-day simple moving average (SMA 50) of $63.8284 and a 200-day simple moving average (SMA200) of $59.97535.

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The stock witnessed a 5.93% loss in the last 1 month and extending the period to 3 months gives it a -8.13%, and is 1.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.87% over the week and 2.04% over the month.

Amphenol Corp. (APH) has around 95000 employees, a market worth around $77.47B and $13.39B in sales. Current P/E ratio is 38.33 and Fwd P/E is 31.26. Profit margin for the company is 15.69%. Distance from 52-week low is 63.52% and -9.19% from its 52-week high. The company has generated returns on investments over the last 12 months (15.00%).

with sales reaching $3.79B over the same period.The EPS is expected to grow by 17.11% this year, but quarterly earnings will post 16.30% year-over-year.

Amphenol Corp. (APH) Top Institutional Holders

1768.0 institutions hold shares in Amphenol Corp. (APH), with institutional investors hold 97.51% of the company’s shares. The shares outstanding are 1.20B, and float is at 1.20B with Short Float at 0.84%. Institutions hold 97.00% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 148.84 million shares valued at $10.03 billion. The investor’s holdings represent 12.4034% of the APH Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 102.0 million shares valued at $6.87 billion to account for 8.4996 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 92.77 million shares representing 7.7307% and valued at over $6.25 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.8693 of the shares totaling 58.43 million with a market value of $3.94 billion.

Amphenol Corp. (APH) Insider Activity

The most recent transaction is an insider sale by D’AMICO LANCE E, the company’s Sr. VP, Secretary & GenCounsel. SEC filings show that D’AMICO LANCE E sold 100,000 shares of the company’s common stock on Aug 15 ’24 at a price of $65.63 per share for a total of $6.56 million. Following the sale, the insider now owns 51400.0 shares.

Amphenol Corp. disclosed in a document filed with the SEC on Aug 15 ’24 that Doherty William J (President, CS Division) sold a total of 300,000 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $65.83 per share for $19.75 million. Following the transaction, the insider now directly holds 0.0 shares of the APH stock.

Still, SEC filings show that on Aug 14 ’24, Lampo Craig A (SR VP & CFO) disposed off 250,000 shares at an average price of $65.01 for $16.25 million. The insider now directly holds 218,116 shares of Amphenol Corp. (APH).

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