Amphenol (NYSE:APH) PT Raised to $121.00

Amphenol (NYSE:APH) had its target price boosted by stock analysts at Bank of America from $117.00 to $121.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Bank of America‘s price objective indicates a potential upside of 9.79% from the company’s previous close.

A number of other equities research analysts have also recently commented on APH. Stifel Nicolaus raised their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. The Goldman Sachs Group raised their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Robert W. Baird raised their price objective on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group assumed coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Finally, UBS Group raised their price objective on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Amphenol Price Performance

NYSE:APH opened at $110.21 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $110.87 and its two-hundred day simple moving average is $98.54. The stock has a market cap of $66.30 billion, a PE ratio of 35.44, a P/E/G ratio of 3.18 and a beta of 1.30. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, analysts forecast that Amphenol will post 3.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 over the last 90 days. Insiders own 2.22% of the company’s stock.

Institutional Trading of Amphenol

Several institutional investors have recently added to or reduced their stakes in APH. Vanguard Group Inc. raised its stake in shares of Amphenol by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock valued at $7,250,181,000 after acquiring an additional 965,951 shares in the last quarter. FMR LLC raised its stake in shares of Amphenol by 1.3% during the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after acquiring an additional 691,964 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amphenol by 39.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after acquiring an additional 8,340,759 shares in the last quarter. State Street Corp raised its stake in shares of Amphenol by 2.4% during the first quarter. State Street Corp now owns 24,794,281 shares of the electronics maker’s stock valued at $2,031,342,000 after acquiring an additional 582,081 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after acquiring an additional 653,354 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

About Amphenol

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.