Amphenol (NYSE:APH) had its target price hoisted by stock analysts at Morgan Stanley from $87.00 to $90.00 in a research note issued on Thursday. The brokerage currently has an “equal weight” rating on the electronics maker’s stock. Morgan Stanley’s target price indicates a potential downside of 1.32% from the stock’s current price.
A number of other brokerages have also commented on APH. Zacks Investment Research lowered Amphenol from a “buy” rating to a “hold” rating in a research note on Monday. SunTrust Banks reissued a “hold” rating and set a $89.00 price target (up from $82.00) on shares of Amphenol in a research note on Thursday. Cowen reissued a “buy” rating and set a $105.00 price target on shares of Amphenol in a research note on Wednesday, January 10th. Deutsche Bank increased their price target on Amphenol from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus raised their price objective on Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Six investment 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 company. The company has an average rating of “Buy” and a consensus price target of $90.80.
Shares of Amphenol (APH) remained flat at $$91.20 during trading on Thursday. 2,190,200 shares of the company were exchanged, compared to its average volume of 1,421,088. Amphenol has a 52-week low of $66.00 and a 52-week high of $93.62. The company has a market capitalization of $27,850.00, a P/E ratio of 44.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87.
In related news, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the sale, the director now directly owns 260,000 shares of the company’s stock, valued at $23,589,800. The disclosure for this sale can be found here. Insiders sold a total of 849,000 shares of company stock valued at $75,518,690 over the last ninety days. Corporate insiders own 2.51% of the company’s stock.
Several hedge funds have recently modified their holdings of APH. GSA Capital Partners LLP bought a new stake in shares of Amphenol during the 2nd quarter worth approximately $265,000. Cibc World Markets Corp lifted its stake in shares of Amphenol by 28.1% during the 2nd quarter. Cibc World Markets Corp now owns 43,189 shares of the electronics maker’s stock worth $3,188,000 after acquiring an additional 9,463 shares during the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of Amphenol by 31.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 9,510 shares of the electronics maker’s stock worth $702,000 after acquiring an additional 2,285 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Amphenol by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 862,217 shares of the electronics maker’s stock worth $63,650,000 after acquiring an additional 5,301 shares during the last quarter. Finally, HighVista Strategies LLC bought a new stake in shares of Amphenol during the 2nd quarter worth approximately $472,000. 96.58% of the stock is owned by hedge funds and other institutional investors.
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Amphenol Company Profile
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.
