Amphenol Corp /de/ (APH) Files Form 4 Insider Selling : Richard Adam Norwitt Sells 185,259 Shares

Amphenol Corp /de/ (APH): Richard Adam Norwitt , President & CEO of Amphenol Corp /de/ sold 185,259 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $57.71 per share for a total value of $10689875 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, Edward C Wetmore (VP, SECRETARY & GEN COUNSEL) sold 90,000 shares at $58.00 per share price.On Apr 29, 2016, William J Doherty (Vice President) sold 26,000 shares at $56.79 per share price.Also, On Apr 27, 2016, Ronald P Badie (director) sold 80,000 shares at $57.05 per share price.On Apr 27, 2016, Richard Schneider (SVP, Amphenol FCI) sold 23,400 shares at $57.08 per share price.

Amphenol Corporation: On Wednesday, May 25, 2016 heightened volatility was witnessed in Amphenol Corporation which led to swings in the share price. The shares opened for trading at $57.75 and hit $57.96 on the upside , eventually ending the session at $57.66, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 12,85,549 shares. The 52-week high of the share price is $59.19 and the company has a market cap of $17,755 M . The 52-week low of the share price is at $44.5.

Amphenol Corporation Money Flow Index Chart

On Apr 29, 2016, Amphenol Corporation announced a cash dividend of $0.1400. The company’s management has announced Jun 10, 2016 as the ex-dividend date and fixed the record date on Jun 14, 2016. The payable date has been fixed on Jul 17, 2016.

Company has been under the radar of several Street Analysts.Amphenol Corporation is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 63 from a previous price target of $52 .The Rating was issued on Apr 21, 2016.Amphenol Corporation is Reiterated by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $57 .The Rating was issued on Mar 28, 2016.Amphenol Corporation is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 14, 2016.

Amphenol Corporation (Amphenol) is a designer manufacturer and marketer of electrical electronic and fiber optic connectors interconnect systems antennas sensors and sensor- based products and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies and Cable Products and Solutions. The Interconnect Products and Assemblies segment primarily designs manufacturers and markets a range of connector and connector systems value-add products and other products including antennas and sensors used in a range of applications in a diverse set of end markets. The Cable Products and Solutions segment primarily designs manufacturers and markets cable value-added products and components for use primarily in the broadband communications and information technology markets as well as certain applications in other markets.

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