Amphenol Corporation (APH) Given “Buy” Rating at Deutsche Bank AG
Amphenol Corporation (NYSE:APH)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a research note issued to investors on Thursday. They presently have a $95.00 target price on the electronics maker’s stock. Deutsche Bank AG’s price target indicates a potential upside of 10.77% from the company’s previous close.
A number of other research analysts also recently commented on APH. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Monday. BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada upped their price objective on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research note on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research note on Monday, August 14th. Finally, Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corporation has an average rating of “Buy” and a consensus price target of $82.25.
Shares of Amphenol Corporation (APH) traded up 0.38% during midday trading on Thursday, hitting $86.09. The company had a trading volume of 519,520 shares. The stock’s 50-day moving average price is $81.46 and its 200-day moving average price is $75.66. The company has a market cap of $26.30 billion, a price-to-earnings ratio of 28.99 and a beta of 0.79. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $86.29.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. On average, equities research analysts forecast that Amphenol Corporation will post $3.09 EPS for the current year.
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In other news, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares in the company, valued at $3,239,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 16,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total value of $1,280,640.00. Following the completion of the sale, the vice president now owns 16,000 shares of the company’s stock, valued at approximately $1,280,640. The disclosure for this sale can be found here. In the last three months, insiders sold 433,200 shares of company stock valued at $33,886,886. Company insiders own 2.51% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Amphenol Corporation by 0.5% in the first quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock valued at $2,800,937,000 after buying an additional 208,471 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Amphenol Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock valued at $2,255,957,000 after buying an additional 765,862 shares during the period. Capital World Investors lifted its holdings in shares of Amphenol Corporation by 0.9% in the second quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock valued at $1,922,328,000 after buying an additional 236,214 shares during the period. BlackRock Inc. lifted its holdings in shares of Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the period. Finally, State Street Corp lifted its holdings in shares of Amphenol Corporation by 1.7% in the first quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock valued at $866,273,000 after buying an additional 203,486 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.
About Amphenol Corporation
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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