Short Interest Worth Mentioning: What’s Propelling Amphenol Corporation New (NYSE:APH) After Lower Shorts Reported?

November 24, 2016 - By Richard Conner   ·   0 Comments

Short Interest Worth Mentioning: What’s Propelling Amphenol Corporation New (NYSE:APH) After Lower Shorts Reported?

The stock of Amphenol Corporation New (NYSE:APH) registered a decrease of 4.03% in short interest. APH’s total short interest was 5.37M shares in November as published by FINRA. Its down 4.03% from 5.59 million shares, reported previously. With 1.73M shares average volume, it will take short sellers 3 days to cover their APH’s short positions. The short interest to Amphenol Corporation New’s float is 1.75%. The stock increased 0.03% or $0.02 on November 23, hitting $68.04. About 656,416 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 19.45% since April 22, 2016 and is uptrending. It has outperformed by 14.04% the S&P500.

Amphenol Corporation is a designer, maker and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor products, and coaxial and specialty cable. The company has a market cap of $21.00 billion. The Firm operates through two divisions: Interconnect Products and Assemblies, and Cable Products and Solutions. It has a 27.23 P/E ratio. The Interconnect Product and Assemblies segment primarily is engaged in designing, manufacturing and marketing a range of connector and connector systems, value-add products and other products, including antennas and sensors, used in a range of applications in various end markets.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.07, from 1.07 in 2016Q1. The ratio worsened, as 28 funds sold all Amphenol Corporation shares owned while 166 reduced positions. 43 funds bought stakes while 164 increased positions. They now own 296.53 million shares or 1.38% less from 300.68 million shares in 2016Q1.
Parametric Port Associate Ltd reported 884,586 shares or 0.08% of all its holdings. Archford Cap Strategies Ltd Liability Com, a Illinois-based fund reported 154 shares. Advantus Cap Management Incorporated reported 30,332 shares or 0.05% of all its holdings. Bancshares Of America Corp De reported 1.49M shares or 0.02% of all its holdings. Veritable Lp last reported 16,391 shares in the company. The Guernsey-based Airain has invested 0.19% in Amphenol Corporation (NYSE:APH). Monetary Management Grp Inc has 1,200 shares for 0.03% of their US portfolio. Cibc Asset Mngmt has 0.01% invested in the company for 31,675 shares. Advisory Svcs Net Lc holds 0.01% or 1,126 shares in its portfolio. Amer Int Gp holds 0% or 107,654 shares in its portfolio. Huntington Natl Bank last reported 989 shares in the company. Moreover, Magnetar Ltd Llc has 0.01% invested in Amphenol Corporation (NYSE:APH) for 11,964 shares. Ironbridge Cap Mgmt L P last reported 7,854 shares in the company. Euclid Advsrs Limited Liability has invested 0.13% of its portfolio in Amphenol Corporation (NYSE:APH). Manchester Cap Mngmt Llc reported 1,470 shares or 0.01% of all its holdings.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 21 insider sales for $100.55 million net activity. Another trade for 25,000 shares valued at $1.48 million was made by Lampo Craig A on Thursday, June 2. The insider WETMORE EDWARD C sold $5.22 million. Doherty William J sold $1.56M worth of stock or 26,000 shares. 24,700 shares with value of $1.48M were sold by Schneider Richard on Thursday, June 9. $1.16 million worth of Amphenol Corporation (NYSE:APH) was sold by Ivas Michael R.. $10.69 million worth of Amphenol Corporation (NYSE:APH) shares were sold by NORWITT RICHARD ADAM. $14.81 million worth of shares were sold by REARDON DIANA G on Friday, August 26.

Amphenol Corporation (NYSE:APH) Ratings Coverage

Out of 6 analysts covering Amphenol (NYSE:APH), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Amphenol has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Top Pick” rating given on Monday, January 18 by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Monday, November 16. The company was maintained on Thursday, July 23 by RBC Capital Markets. The firm has “Hold” rating by Drexel Hamilton given on Tuesday, December 15. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, October 20 report. The stock of Amphenol Corporation (NYSE:APH) has “Neutral” rating given on Monday, March 14 by Goldman Sachs. The firm has “Buy” rating by Zacks given on Wednesday, August 26. The stock of Amphenol Corporation (NYSE:APH) earned “Buy” rating by Goldman Sachs on Tuesday, September 20. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. Suntrust Robinson maintained the shares of APH in a report on Thursday, January 21 with “Neutral” rating.

APH Company Profile

Amphenol Corporation (Amphenol), incorporated on December 19, 1986, is a designer, maker and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor products, and coaxial and specialty cable. The Firm operates through two divisions: Interconnect Products and Assemblies, and Cable Products and Solutions.

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By Richard Conner


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