Amphenol Corporation, a major manufacturer of electronics, fiber optic connectors, cables, and interconnect systems, saw stock prices reach a 52- week high of $100.26 as of August, 2014, due mainly in part to the announcement of a two-for-one stock split. This continued the uptrend in share prices that have been consistent for all of 2014 and on track with the long-term earnings growth expectation of 10.5%. The stock split will be paid out as a stock dividend, which each shareholder receiving an additional share.The move, which is strategic in nature, is expected to increase stock liquidity and lead to more trading. As of late the, the company has been reporting record earnings and revenues.
The company’s technology leadership along with its market and geographic diversification along with their flexible cost structure have played a major role in the company’s success. Amphenol, despite some uncertainties in the international economy, is expecting continued growth due to huge technological advancements in the electronics industry. Furthermore, the company has also recently announced the pending acquisition of Casco Automotive Group for $450 million, a move which also increased share prices. Casco Automotive Group, which is a part of Cap-Con Automotive Technologies, would help Amphenol expand its automotive product offering. Amphenol already has customers that use their products in everything from cable television to aerospace and military electronics. Using Casco’s expertise in power charging and sensor products for the automotive industry, Amphenol is hoping to expand the breadth of its customer base.
Amphenol Corporation, which was founded in 1932, is now publicly-traded on the New York Stock Exchange. They report average annual revenues in excess of $3.5 billion, with $3.94 billion in revenues reported last year. With operations in over 60 countries, the company is considered an S&P 400 Midcap company. ASAP Semiconductor, through our proprietary website ASAP Fasteners, supply an array of Amphenol products for every industry. We support the military and commercial aerospace, industrial, automotive, information technology, and telecommunications industries with Amphenol products. Browse our inventory at www.asap-fasteners.com or contact us today at email@example.com to see how we can assist you with your needs.