Amphenol Corporation (APH) may enjoy gains as insiders got busy in the recent days


In a filing, Amphenol Corporation revealed its President, ISS Division Gavelle Jean-Luc unloaded Company’s shares for reported $15.55 million on Aug 31. In the deal valued at $88.24 per share,176,186 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, Doherty William J sold 50,000 shares, generating $4,428,350 in total proceeds. Upon selling the shares at $88.57, the President, CS Division now owns 0 shares.

Before that, NORWITT RICHARD ADAM sold 650,000 shares. Amphenol Corporation shares valued at $56,831,710 were divested by the President & CEO at a price of $87.43 per share. As a result of the transaction, NORWITT RICHARD ADAM now holds 967,424 shares, worth roughly $85.68 million.

Credit Suisse downgraded its Amphenol Corporation [APH] rating to a Neutral from a an Outperform in a research note published on Friday, May 19, 2023; the price target was decreased to $77 from $91. PT values the company’s stock at a premium of -15.03 to its Friday closing price.

Price Performance Review of APH

On Friday, Amphenol Corporation [NYSE:APH] saw its stock jump 0.21% to $88.57. On the same session, the stock had its day’s lowest price of $88.25, but rose to a high of $89.05. Over the last five days, the stock has gained 2.63%. Amphenol Corporation shares have risen nearly 16.33% since the year began. Nevertheless, the stocks have risen 20.45% over the past one year. While a 52-week high of $90.28 was reached on 07/27/23, a 52-week low of $65.21 was recorded on 04/26/23. SMA at 50 days reached $85.87, while 200 days put it at $80.13. A total of 1.78 million shares were traded, compared to the trading of 2.38 million shares in the previous session.

Levels Of Support And Resistance For APH Stock

The 24-hour chart illustrates a support level at 88.20, which if violated will result in even more drops to 87.82. On the upside, there is a resistance level at 89.00. A further resistance level may holdings at 89.42. The Relative Strength Index (RSI) on the 14-day chart is 62.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.39%. Stochastics %K at 91.45% indicates the stock is a selling.

How much short interest is there in Amphenol Corporation?

A steep rise in short interest was recorded in Amphenol Corporation stocks on Aug 14, 2023, growing by 0.22 million shares to a total of 5.47 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.25 million shares. There was a rise of 4.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.16.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 69,726,605 shares, or roughly 11.71% of the outstanding APH shares. In other words, the investor’s shares have risen by 749,482 from its previous 13-F filing of 68977123.0. Additionally, Fidelity Management & Research Co decreased -1.97% of its stake after which the total value it holdings stand at $4,558,735,817, while BlackRock Fund Advisors added 9.36% of its stake to hold $3.16 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,419,808 shares of Amphenol Corporation, while T. Rowe Price Associates, Inc. bought 4,453,291 shares. At present, Walter Scott & Partners Ltd. is holding 15,749,483 shares valued at $1.39 billion. Geode Capital Management LLC owned 12,583,125 shares of the company at the time of its most recent 13F filing, worth $1.11 billion.

According to FactSet, Amphenol Corporation’s share price will average $95.49 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.07 percent from its previous closing price of $88.38. Analysts expect Amphenol Corporation stock to reach the higher price of $103.00, while the lowest price estimate is $75.00. However, 15 analysts have rated APH stock as an Overweight in their predictions for 2023.


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