The Vanguard Group, Inc. has recently announced that it has increased stake in Amphenol Corp. (NYSE:APH) by 0.08%. After grabbing 69.79 million shares, the institutional investor is now in possession of 58409.0 shares of the Technology Company. The new investment brought the stake of investor firm to 11.66% having worth around $6.35 billion. Moreover, Fidelity Management & Research Co increased its share by 0.2 million to have a control over 51.83 million shares. And BlackRock Fund Advisors raised its holdings to 53889.0 shares by acquiring 35.81 million shares or 5.99% of the stake.
Amphenol Corp. (APH) concluded trading on December 20, 2023 at a closing price of $97.28, with 4.28 million shares of worth about $416.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.02% during that period and On Wednesday the price saw a loss of about -1.29%. Currently the company’s common shares owned by public are about 594.80M shares, out of which, 594.78M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 50 times over the past 12 months. They bought 2,698,693 shares in 30 of the transactions. In 20 selling transactions, insiders dumped 2,598,295 shares.
Fidelity Contrafund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Amphenol Corp. Fidelity Contrafund is currently holding 21.2 million shares of worth totaling $1.93 billion. The company recently came buying 0.0 shares which brought its stake up to 3.54% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 77039.0 shares, after which its hold over company’s outstanding shares expand to 3.12%, leaving 18.65 million shares with the mutual fund that have a worth of about $1.7 billion. Vanguard 500 Index Fund, after buying 14.41 million shares, have now control over 2.41% of the stake in the company. It holds 71694.0 shares of worth $1.31 billion.
However, the stock later moved at a day high price of 98.35, or with a loss of -1.29%. Stock saw a price change of 1.20% in past 5 days and over the past one month there was a price change of 8.63%. Year-to-date (YTD), APH shares are showing a performance of 27.76% which increased to 28.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.00 but also hit the highest price of $99.93 during that period. The average intraday trading volume for Amphenol Corp. shares is 2.82 million. The stock is currently trading 4.22% above its 20-day simple moving average (SMA20), while that difference is up 11.14% for SMA50 and it goes to 17.24% higher than SMA200.
The Vanguard Group, Inc. acquired 69.79 million shares of Amphenol Corp. having value of about $6.35 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 58409.0 shares in the company valued at close to $5682027.52, or have control over 0.08% stake in the company. Amphenol Corp. (NYSE: APH) currently have 594.80M outstanding shares and institutions hold larger chunk of about 96.31% of that. Holding of mutual funds in the company is about 39.43% while other institutional holders and individual stake holders have control over 57.84% and 1.31% of the stake respectively.
The stock has a current market capitalization of $58.20B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 31.39, while it has posted earnings per share of $3.10 in the same period. Its PEG reads 7.85 and has Quick Ratio of 1.61 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APH, volatility over the week remained 1.28% while standing at 1.08% over the month.
Analysts are in expectations that Amphenol Corp. (APH) stock would likely to be making an EPS of $0.77 in the current quarter, while forecast for next quarter EPS is $0.72 and it is $3.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.75 which is $0.78 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.78 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.58% while it is estimated to increase by 9.66% in next year. EPS is likely to shrink at an annualized rate of 4.00% for next 5-years, compared to annual growth of 24.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on October 05, 2023 offering an Outperform rating for the stock and assigned a target price of $93 to it.
