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Amphenol Corporation (NYSE: APH) Could Soon Experience A Sharp Increase In Its Share Price.

In today’s recent session, 1.24 million shares of the Amphenol Corporation (NYSE:APH) have been traded, and its beta is 1.23. Most recently the company’s share price was $73.44, and it changed around -$1.22 or -1.63% from the last close, which brings the market valuation of the company to $44.65B. APH at last check was trading at a discount to its 52-week high of $82.86, offering almost -12.83% off that amount. The share price’s 52-week low was $61.67, which indicates that the recent value has risen by an impressive 16.03% since then. We note from Amphenol Corporation’s average daily trading volume that its 10-day average is 2.67 million shares, with the 3-month average coming to 2.59 million.

Amphenol Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended APH as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Amphenol Corporation is expected to report earnings per share of $0.68 for the current quarter.

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Amphenol Corporation (NYSE:APH) trade information

Instantly APH has been showing red trend so far today with a performance of -1.63% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 76.59 on Tuesday, 05/23/23 increased the stock’s daily price by 4.11%. The company’s shares are currently down -3.55% year-to-date, but still down -2.69% over the last five days. On the other hand, Amphenol Corporation (NYSE:APH) is -1.91% down in the 30-day period. We can see from the shorts that 6.32 million shares have been sold at a short interest cover period of 2.28 day(s).

The consensus price target as assigned by Wall Street analysts is $84.99, which translates to bulls needing to increase their stock price by 13.59% from its current value. Analyst projections state that APH is forecast to be at a low of $70.00 and a high of $95.00. In order for the stock price to hit the forecast high, the stock would need to plunge -29.36% from its current level, while the stock would need to crash 4.68% from its current level to reach the projected low.

Amphenol Corporation (APH) estimates and forecasts

Amphenol Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.70 percent over the past six months and at a -5.00% annual growth rate that is well above the industry average of -6.40%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -9.30% in revenue this quarter, and will report a decrease of -8.80% in the next quarter. The year-over-year growth rate is expected to be -2.90%, down from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $2.95 billion in revenue for the current quarter. 13 analysts expect Amphenol Corporation to make $3.1 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $3.14 billion and $3.3 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.90%. Forecasts for the next quarter put sales growth at -6.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.10%. Amphenol Corporation earnings are expected to increase by 22.10% in 2023, but the outlook is positive 7.47% per year for the next five years.

APH Dividends

Amphenol Corporation’s next quarterly earnings report is expected to be released on July 26. The annual dividend yield of the stock is 1.13 percent and its annual dividend per share was 0.84. It is important to note, however, that the 1.13% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Amphenol Corporation (NYSE:APH)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.58% of Amphenol Corporation shares, and 97.49% of them are in the hands of institutional investors. The stock currently has a share float of 98.06%. Amphenol Corporation stock is held by 1,372 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 11.99% of the shares, which is about 71.39 million shares worth $5.83 billion.

FMR, LLC, with 9.37% or 55.75 million shares worth $4.56 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Fidelity Contrafund Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2023. The former held 21.41 million shares worth $1.66 billion, making up 3.60% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 18.1 million shares worth around $1.38 billion, which represents about 3.04% of the total shares outstanding.

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