Amphenol Corporation (NYSE: APH) has recently received a number of price target changes and ratings updates:

  • 7/14/2017 – Amphenol Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $72.00 price target on the stock.
  • 7/12/2017 – Amphenol Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/5/2017 – Amphenol Corporation was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $78.00 price target on the stock, up previously from $75.00.
  • 7/4/2017 – Amphenol Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/27/2017 – Amphenol Corporation had its price target raised by analysts at Royal Bank Of Canada from $77.00 to $80.00. They now have a “top pick” rating on the stock.
  • 6/27/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company outperformed the industry year to date. Management also raised its earlier guidance for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Unfavorable movement in foreign currency exchange rates often adversely impact sales, thereby affecting its long-term growth to some extent. Furthermore, increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on its profitability.”
  • 6/22/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. The company aims to acquire on a global basis in high-growth segments that have complementary capabilities. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company outperformed the industry year to date. Management also raised its earlier guidance for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
  • 6/21/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. Management also raised its earlier guidance for 2017. The company outperformed the industry year to date. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. In addition, these markets are dominated by several large manufacturers and operators who exert significant price pressure on Amphenol. Furthermore, increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on its profitability.”
  • 6/21/2017 – Amphenol Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/13/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. The company outperformed the industry in the last three months on diligent execution of plans. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company also raised its earlier guidance and has bullish revenue and earnings expectations for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
  • 6/7/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive industrial and mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. In order to fuel further growth, Amphenol aims to acquire on a global basis in the high-growth segments that have complementary capabilities. The company managed to outperform the industry in the last three months on diligent execution of plans. With strong quarterly results and healthy growth dynamics, management also raised its earlier guidance for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
  • 6/6/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive industrial and mobile networks and military markets. The company managed to outperform the industry in the last three months on diligent execution of plans. With strong quarterly results and healthy growth dynamics, management also raised its earlier guidance for 2017. Amphenol has historically returned significant cash to shareholders through share repurchases and dividends. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Furthermore, increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on its profitability. The company is also susceptible to volatility in foreign exchanges, which undermines its growth potential to some extent.”
  • 6/1/2017 – Amphenol Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.

Amphenol Corporation (APH) opened at 74.84 on Tuesday. The company has a market cap of $22.87 billion, a PE ratio of 26.55 and a beta of 0.77. The firm’s 50-day moving average price is $74.61 and its 200 day moving average price is $70.78. Amphenol Corporation has a 52-week low of $58.34 and a 52-week high of $76.67.

Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. Amphenol Corporation had a return on equity of 24.24% and a net margin of 13.93%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Amphenol Corporation will post $2.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Monday, June 19th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol Corporation’s dividend payout ratio is presently 22.70%.

In related news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the sale, the chief executive officer now directly owns 293,992 shares in the company, valued at approximately $21,490,815.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Martin Booker sold 46,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total value of $3,469,320.00. Following the sale, the vice president now owns 20,400 shares in the company, valued at $1,538,568. The disclosure for this sale can be found here. Insiders have sold a total of 893,000 shares of company stock worth $66,184,060 in the last ninety days. Insiders own 2.92% of the company’s stock.

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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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