Jim Cramer on Amphenol: “It’s Still Not Even Expensive Versus Its Growth Rate”

Amphenol Corporation (NYSE:APH) is one of the stocks Jim Cramer recently put under a microscope. During the lightning round, a caller inquired about the stock, and Cramer commented:

“Oh my God, it’s just such a great stock, and it’s still not even expensive versus its growth rate. You want to stay in that cable play.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Amphenol Corporation (NYSE:APH) manufactures electrical, electronic, and fiber optic connectors, cables, and sensors for industries including automotive, aerospace, communications, and industrial technology. When a caller asked about the stock during the September 29 episode, Cramer responded:

“Oh, that’s a good company, man. It’s just, it’s just a rocket ship, I know, but it’s a good company. Is it cheap? No, but some… good companies are not going to be cheap. I like that call, and I like the idea that you’re getting it. We are not traders, okay? We are compounders.”

Additionally, Cramer called Amphenol Corporation (NYSE:APH) an “amazing company,” when a caller inquired about it during the August 28 episode:

“Okay, this is an amazing company because it really, before we really got all excited about the data center, it was really just a kind of coaxial cable company. It is highly valued right now. It’s in the high 30s multiple. I can’t say chase the stock. If I owned it, I guess I’d hold it. That’s all I can say.”

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Disclosure: None. This article is originally published at Insider Monkey.