Amphenol Shares Drop 13.9%, Worst Performer in S&P 500
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
0mins
Source: NASDAQ.COM
- Stock Performance: Amphenol's shares fell 13.9% today, making it the worst performer in the S&P 500, reflecting market concerns about its short-term outlook, which could impact investor confidence.
- Year-to-Date Performance: Despite today's decline, Amphenol has gained 6.0% year-to-date, indicating some long-term growth potential, although short-term volatility may affect its market valuation.
- Other Component Movements: Today, Textron's shares dropped 7.1%, while Western Digital's shares rose 10.6%, highlighting the market's varied reactions to different companies, which may influence investors' asset allocation strategies.
- Market Sentiment: Overall market sentiment is affected by the performance of individual components, particularly Amphenol's significant drop, which could lead to decreased confidence in the broader S&P 500 index.
Analyst Views on APH
Wall Street analysts forecast APH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for APH is 156.91 USD with a low forecast of 115.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 166.250
Low
115.00
Averages
156.91
High
180.00
Current: 166.250
Low
115.00
Averages
156.91
High
180.00
About APH
Amphenol Corporation is a designer, manufacturer, and marketer of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cables. The Company operates through three segments. The Harsh Environment Solutions segment designs, manufactures and markets a range of ruggedized interconnect products and other products for use in the industrial, defense, commercial aerospace, automotive, mobile networks, medical and other markets. Communications Solutions segment designs, manufactures and markets a range of connector and interconnect systems for use in the information technology and data communications, mobile devices, industrial, mobile networks, broadband communications, automotive, commercial aerospace and defense end markets. Its Interconnect and Sensor Systems segment designs, manufactures and markets a range of sensors, sensor-based systems, connectors and value-add interconnect systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
