Amphenol (NYSE:APH) Price Target Raised to $135.00 at UBS Group

Amphenol (NYSE:APH) had its target price raised by UBS Group from $118.00 to $135.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Other equities analysts have also issued reports about the stock. Robert W. Baird increased their price objective on shares of Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Citigroup increased their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a buy rating in a research report on Thursday, April 4th. Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They issued a hold rating and a $125.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a buy rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $112.00.

Amphenol Stock Up 0.2 %

Shares of NYSE APH opened at $112.58 on Tuesday. The stock has a market cap of $67.72 billion, a P/E ratio of 36.20, a P/E/G ratio of 3.23 and a beta of 1.30. The firm has a 50 day moving average price of $110.51 and a 200 day moving average price of $98.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol has a 52-week low of $72.00 and a 52-week high of $119.59.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. Analysts expect that Amphenol will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is presently 28.30%.

Insider Activity

In other news, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 over the last ninety days. Company insiders own 2.22% of the company’s stock.

Institutional Trading of Amphenol

Several hedge funds and other institutional investors have recently bought and sold shares of APH. Peoples Bank KS bought a new position in Amphenol in the third quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in Amphenol in the fourth quarter worth $29,000. Mendota Financial Group LLC bought a new position in Amphenol in the fourth quarter worth $33,000. Venturi Wealth Management LLC raised its holdings in Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.