Amphenol (NYSE:APH) PT Raised to $74.00 at Bank of America

Amphenol (NYSE:APH) had its target price increased by Bank of America from $70.00 to $74.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the electronics maker’s stock.

Other equities analysts have also recently issued reports about the stock. Truist Financial raised their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. UBS Group raised their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Finally, Robert W. Baird cut their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Down 0.6 %

Shares of Amphenol stock opened at $69.41 on Thursday. Amphenol has a fifty-two week low of $39.48 and a fifty-two week high of $71.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market capitalization of $83.38 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a fifty day moving average of $65.10 and a 200 day moving average of $64.58.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 570,000 shares of company stock worth $37,209,000. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund Corp raised its position in Amphenol by 61.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after purchasing an additional 75,753 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Amphenol by 102.0% in the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock valued at $2,154,000 after acquiring an additional 16,149 shares in the last quarter. Choreo LLC lifted its stake in Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after acquiring an additional 34,309 shares during the period. Angeles Wealth Management LLC grew its holdings in Amphenol by 102.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Czech National Bank increased its position in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after purchasing an additional 16,425 shares during the period. 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.