An Analysis of Amphenol Corporation (APH)’s Potential Price Growth


In a filing, Amphenol Corporation revealed its President, ISS Division Gavelle Jean-Luc unloaded Company’s shares for reported $10.6 million on Feb 09. In the deal valued at $81.64 per share,129,800 shares were sold. As a result of this transaction, Gavelle Jean-Luc now holds 0 shares worth roughly $ 0.0.

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Then, NORWITT RICHARD ADAM sold 650,000 shares, generating $53,115,790 in total proceeds. Upon selling the shares at $81.72, the President & CEO now owns 967,424 shares.

Before that, D’AMICO LANCE E sold 25,000 shares. Amphenol Corporation shares valued at $2,054,728 were divested by the Sr. VP, Secretary & GenCounsel at a price of $82.19 per share. As a result of the transaction, D’AMICO LANCE E now holds 25,700 shares, worth roughly $1.97 million.

Credit Suisse initiated its Amphenol Corporation [APH] rating to an Outperform in a research note published on Friday, December 13, 2022; the price target was $93. PT values the company’s stock at a premium of 17.72 to its Friday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Hold”. JP Morgan also remained covering APH and has increased its forecast on July 14, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Cowen revised its rating on January 07, 2022. It rated APH as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of APH

On Friday, Amphenol Corporation [NYSE:APH] saw its stock fall -1.44% to $76.52. On the same session, the stock had its day’s lowest price of $76.225, but rose to a high of $76.92. Over the last five days, the stock has lost -5.95%. Amphenol Corporation shares have risen nearly 0.50% since the year began. Nevertheless, the stocks have risen 3.87% over the past one year. While a 52-week high of $82.86 was reached on 02/02/23, a 52-week low of $61.67 was recorded on 01/25/23. SMA at 50 days reached $78.92, while 200 days put it at $74.00. A total of 2.2 million shares were traded, compared to the trading of 2.29 million shares in the previous session.

Levels Of Support And Resistance For APH Stock

The 24-hour chart illustrates a support level at 76.19, which if violated will result in even more drops to 75.86. On the upside, there is a resistance level at 76.88. A further resistance level may holdings at 77.25. The Relative Strength Index (RSI) on the 14-day chart is 36.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.96%. Stochastics %K at 9.09% indicates the stock is a buying.

How much short interest is there in Amphenol Corporation?

A steep rise in short interest was recorded in Amphenol Corporation stocks on Jan 30, 2023, dropping by -1.46 million shares to a total of 4.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.83 million shares. There was a decline of -33.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.83% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.78.

Amphenol Corporation [APH] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 69,039,832 shares, or roughly 11.60% of the outstanding APH shares. In other words, the investor’s shares have risen by 1,074,436 from its previous 13-F filing of 67965396.0. Additionally, Fidelity Management & Research Co increased 1.15% of its stake after which the total value it holdings stand at $4,044,347,615, while BlackRock Fund Advisors added 3.17% of its stake to hold $2.64 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -179,574 shares of Amphenol Corporation, while Walter Scott & Partners Ltd. sold -1,407,384 shares. At present, AllianceBernstein LP is holding 16,549,073 shares valued at $1.32 billion. T. Rowe Price Associates, Inc. owned 14,676,380 shares of the company at the time of its most recent 13F filing, worth $1.17 billion.


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