Amphenol (NYSE:APH) Price Target Raised to $112.00

Amphenol (NYSE:APH) had its price target boosted by Truist Financial from $107.50 to $112.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

A number of other research firms have also recently commented on APH. Wolfe Research started coverage on shares of Amphenol in a research note on Wednesday, September 30th. They set an “outperform” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $100.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Citigroup reissued a “buy” rating and issued a $115.00 price objective (up from $112.00) on shares of Amphenol in a research note on Thursday. Rothschild & Co Redburn raised their price objective on shares of Amphenol from $172.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Sixteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.79.

Amphenol Stock Performance

Shares of APH opened at $79.48 on Thursday. The business has a 50-day simple moving average of $81.46 and a two-hundred day simple moving average of $75.48. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. Amphenol has a 52 week low of $59.01 and a 52 week high of $89.93. The stock has a market cap of $196.00 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 0.95 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business’s quarterly revenue was up 65.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. On average, analysts expect that Amphenol will post 2.84 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be paid a dividend of $0.15 per share. This is a drop from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.60 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio is 21.74%.

Amphenol announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 28th that allows the company to buy back $4 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 2% of its stock through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Amphenol news, EVP Lance D’Amico sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.00, for a total value of $8,099,500.00. Following the completion of the transaction, the executive vice president directly owned 114,130 shares in the company, valued at $9,243,959.35. This represents a 46.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Silverman sold 240,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the sale, the executive vice president directly owned 31,344 shares of the company’s stock, valued at approximately $2,730,689.28. This trade represents a 88.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 726,400 shares of company stock valued at $61,332,592. Corporate insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP grew its holdings in Amphenol by 3,010.0% during the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock valued at $2,898,248,000 after buying an additional 15,908,901 shares in the last quarter. State Street Corp raised its holdings in shares of Amphenol by 24.2% during the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after acquiring an additional 13,884,641 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of Amphenol during the 2nd quarter worth approximately $1,600,531,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Amphenol by 90.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,900,956 shares of the electronics maker’s stock valued at $666,051,000 after acquiring an additional 3,761,224 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Amphenol by 101.6% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,720,515 shares of the electronics maker’s stock valued at $313,497,000 after acquiring an additional 1,874,988 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Key Headlines Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Amphenol raised its fourth-quarter 2026 outlook to EPS of $0.81-$0.83 and revenue of $10.3-$10.5 billion, above consensus estimates of $0.75 and $9.7 billion, respectively.
• Positive Sentiment: The company also increased its full-year 2026 guidance to EPS of $2.82-$2.84 and revenue of $36.9-$37.1 billion, ahead of analyst expectations of $2.69 and $35.7 billion.
• Positive Sentiment: Third-quarter results exceeded expectations, with adjusted EPS of $0.80 versus the $0.73 consensus and revenue of approximately $10.2 billion. Orders rose 99% year over year, and the book-to-bill ratio reached 1.19, indicating strong demand momentum.
• Positive Sentiment: Management highlighted strong artificial-intelligence data-center demand, with IT datacom sales increasing sharply. Analysts at JPMorgan, BNP Paribas Exane, UBS and Truist raised their price targets to $111-$115 and maintained bullish ratings.
• Positive Sentiment: The board approved a new $4 billion share-repurchase program, covering up to 2% of outstanding shares and beginning in 2027. Buybacks can support earnings per share and signal management confidence in the valuation. Amphenol Board of Directors Approves Share Repurchase Program
• Neutral Sentiment: Amphenol agreed to acquire Humanetics Sensors and AdvancedPCB Holdings. The transactions could expand its sensor and circuit-board businesses, although financial terms and the near-term earnings impact were not provided.
• Negative Sentiment: Rothschild & Co Redburn cut its price target from $197 to $107. Although the revised target still implies substantial upside, the magnitude of the reduction may pressure investor sentiment.
• Negative Sentiment: The company’s quarterly dividend was reported at $0.15 per share, below the prior $0.25 payout. The lower distribution may disappoint income-focused investors, despite broader reports describing the post-split payout as an increase.

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.