Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Amphenol Corp’s stock reached an all-time high, closing at 126.11 USD. This milestone reflects a significant upward trajectory, with InvestingPro data showing the stock has surged by 95.12% over the past year and an impressive 107.96% in just the last six months. The company maintains a "GREAT" Financial Health score of 3.14 out of 5, though current metrics suggest it may be trading above its Fair Value. The impressive growth underscores investor confidence and the company’s robust performance in the market. Amphenol, known for its electronic and fiber optic connectors, has been capitalizing on increased demand across various sectors, with revenue growing 40.51% in the last twelve months to $18.82 billion. The company has maintained dividend payments for 21 consecutive years, demonstrating consistent shareholder returns. This all-time high marks a significant achievement for the company and its stakeholders. Discover 20+ additional exclusive insights about Amphenol with an InvestingPro subscription.
In other recent news, Amphenol Corporation has entered into two unsecured delayed draw term loan agreements totaling $4 billion to support its acquisition of CommScope Holding Company’s Connectivity and Cable Solutions business. This acquisition is part of Amphenol’s strategic expansion efforts. Additionally, Amphenol has announced a definitive agreement to acquire Trexon, a provider of high-reliability interconnect and cable assemblies, for approximately $1 billion in cash. The Trexon acquisition is expected to contribute about 1.3% to Amphenol’s sales and earnings per share within two years after the deal closes.
Evercore ISI has raised its price target on Amphenol to $120 from $110, highlighting the company’s expanding artificial intelligence portfolio. The firm noted that Amphenol’s quarterly AI revenue increased significantly, with a book-to-bill ratio of 0.98:1 and a 4% sequential rise in orders. Meanwhile, Truist Securities maintained its Buy rating on Amphenol following the Trexon acquisition announcement. These developments reflect Amphenol’s ongoing growth and strategic investments in the technology and defense sectors.
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