Evercore ISI Issues Positive Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price target hoisted by Evercore ISI from $88.00 to $105.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the electronics maker’s stock.

Several other equities research analysts have also issued reports on the stock. Citigroup increased their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. UBS Group upped their price target on Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.31.

Amphenol Trading Up 0.6%

Amphenol stock opened at $92.47 on Thursday. The firm has a 50 day moving average of $76.68 and a 200 day moving average of $72.09. The firm has a market capitalization of $111.85 billion, a price-to-earnings ratio of 48.29, a P/E/G ratio of 1.92 and a beta of 1.10. Amphenol has a 12-month low of $54.77 and a 12-month high of $93.33. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. As a group, research analysts predict that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol’s dividend payout ratio is currently 32.04%.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the sale, the insider now directly owns 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company’s stock, valued at approximately $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after buying an additional 2,870,933 shares during the last quarter. FMR LLC increased its stake in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its stake in Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after purchasing an additional 659,560 shares during the period. Finally, Bank of America Corp DE increased its stake in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. 97.01% of the stock is currently owned by institutional investors.

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.