I remain upbeat about the shares of diversified electronics manufacturer Amphenol (APH). The company is benefiting from improved end-market demand, new product rollouts and market share gains. Demand continues to be strong in the automotive, industrial, mobile networks and military markets. The diversification in end markets, with a consistent focus on technology innovation and customer support through all phases of the economic cycle, enable the company to post robust results.In order to fuel growth, Amphenol is also making acquisitions on a global basis in the high-growth segments that have complementary capabilities from a product, customer and/or geographic standpoint. Recently, Amphenol acquired two companies, Auxel and Custom Cable, as a part of its strategic acquisition program. Based in France, Auxel is a leading manufacturer of power busbars and power interconnect solutions worldwide, while Custom Cable is a Florida-based firm offering fiber optic and copper cable assemblies. The company expects these acquisitions to strengthen its global foothold and enhance its product offering in strategic markets.Amphenol’s financials for the second quarter of 2016 were solid, with both top and bottom line beating consensus estimates. Revenues increased 15% y-o-y driven by strength in the automotive, mobile networks, data communications and industrial markets. Operating income grew 15.2%, and adjusted earnings per share jumped 16.1% to 65 cents. Despite the uncertainties prevailing in the global economy, Amphenol’s management affirmed its bullish full-year 2016 guidance. Taking into account accretive effects from the recent acquisitions, the company expects 2016 sales in the range of $6.120-6.200 bn, representing a y-o-y increase of 10-11%. Adjusted EPS for 2016 is forecast to rise 7-9% to $2.60-2.64.I expect shares of Amphenol to continue growth, with medium-term target at $70. $APH, Amphenol Corporation / 1440