Amphenol (NYSE:APH) PT Raised to $130.00 at Evercore ISI

Amphenol (NYSE:APH) had its price objective boosted by research analysts at Evercore ISI from $125.00 to $130.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the electronics maker’s stock. Evercore ISI’s target price would suggest a potential upside of 7.89% from the stock’s current price.

Several other analysts have also commented on APH. Citigroup raised their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Jefferies Financial Group started coverage on Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Robert W. Baird boosted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, UBS Group lifted their target price on shares of Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Amphenol Price Performance

Shares of APH stock opened at $120.49 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. The firm has a market cap of $72.48 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.10 and a beta of 1.30. The business’s 50 day moving average price is $112.04 and its 200-day moving average price is $99.70. Amphenol has a fifty-two week low of $72.77 and a fifty-two week high of $121.25.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Amphenol will post 3.29 earnings per share for the current year.

Amphenol declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 24th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock valued at $31,846,050 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Amphenol during the fourth quarter valued at approximately $1,078,167,000. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 39.9% during the 4th 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 during the period. TD Asset Management Inc raised its stake in Amphenol by 101.7% during the 4th quarter. TD Asset Management Inc now owns 1,987,076 shares of the electronics maker’s stock worth $196,979,000 after acquiring an additional 1,001,901 shares during the period. Vanguard Group Inc. boosted its holdings in Amphenol by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after buying an additional 965,951 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in Amphenol by 6,323.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 978,130 shares of the electronics maker’s stock valued at $96,962,000 after purchasing an additional 962,902 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.