During the last session, Amphenol Corp. (NYSE:APH)’s traded shares were 3.38 million, with the beta value of the company hitting 1.31. At the end of the trading day, the stock’s price was $117.38, reflecting an intraday gain of 1.98% or $2.28. The 52-week high for the APH share is $119.59, that puts it down -1.88 from that peak though still a striking 38.66% gain since the share price plummeted to a 52-week low of $72.00. The company’s market capitalization is $70.41B, and the average intraday trading volume over the past 10 days was 3.42 million shares, and the average trade volume was 2.64 million shares over the past three months.
Amphenol Corp. (NYSE:APH) trade information
Amphenol Corp. (APH) registered a 1.98% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.98% in intraday trading to $117.38, hitting a weekly high. The stock’s 5-day price performance is 1.76%, and it has moved by 6.22% in 30 days. Based on these gigs, the overall price performance for the year is 47.41%. The short interest in Amphenol Corp. (NYSE:APH) is 7.18 million shares and it means that shorts have 2.99 day(s) to cover.
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Amphenol Corp. (APH) estimates and forecasts
Statistics show that Amphenol Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Amphenol Corp. (APH) shares have gone up 40.84% during the last six months, with a year-to-date growth rate more than the industry average at 8.97% against 8.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 5.80% this quarter and then jump 9.70% in the quarter after that. In the rating firms’ projections, revenue will increase 7.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.09 billion as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $3.26 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $2.97 billion and $3.05 billion respectively. In this case, analysts expect current quarter sales to grow by 4.10% and then jump by 6.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.05%. While earnings are projected to return 9.83% in 2024, the next five years will return 9.40% per annum.
APH Dividends
Amphenol Corp. is due to release its next quarterly earnings on April 24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Amphenol Corp. is 0.86, with the dividend yield indicating at 0.73 percent, continuing the trend of increasing dividends in recent years.
Amphenol Corp. (NYSE:APH)’s Major holders
Amphenol Corp. insiders own 0.58% of total outstanding shares while institutional holders control 98.63%, with the float percentage being 99.20%. Vanguard Group Inc is the largest shareholder of the company, while 1,502 institutions own stock in it. As of Jun 29, 2023, the company held over 72.08 million shares (or 12.09% of all shares), a total value of $6.12 billion in shares.
The next largest institutional holding, with 54.81 million shares, is of FMR, LLC’s that is approximately 9.19% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $4.66 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Amphenol Corp. (APH) shares are Fidelity Contrafund Inc and Vanguard Total Stock Market Index Fund. Data provided on Aug 30, 2023 indicates that Fidelity Contrafund Inc owns about 21.2 million shares. This amounts to just over 3.55 percent of the company’s overall shares, with a $1.87 billion market value. The same data shows that the other fund manager holds slightly less at 18.56 million, or about 3.11% of the stock, which is worth about $1.58 billion.
