Amphenol (NYSE:APH) PT Raised to $80.00

Amphenol (NYSE:APH) had its price objective increased by stock analysts at Evercore ISI from $75.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the electronics maker’s stock. Evercore ISI’s price target suggests a potential upside of 15.26% from the stock’s current price.

A number of other research analysts have also commented on APH. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial raised their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group raised their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Vertical Research assumed coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Stock Performance

APH opened at $69.41 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $65.03 and its two-hundred day moving average price is $64.51. The firm has a market capitalization of $83.38 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. Amphenol has a 12-month low of $39.48 and a 12-month high of $71.20.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. On average, equities analysts forecast that Amphenol will post 1.76 earnings per share for the current year.

Insider Activity

In related news, insider Luc Walter sold 170,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the sale, the insider now owns 447,790 shares in the company, valued at $28,703,339. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Luc Walter sold 170,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on 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 completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 570,000 shares of company stock worth $37,209,000. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

A number of hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp grew its stake in shares of Amphenol by 61.1% during the second 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 during the last quarter. United Services Automobile Association raised its position in shares of Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after acquiring an additional 16,149 shares during the last quarter. Choreo LLC lifted its stake in shares of Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after acquiring an additional 34,309 shares during the period. Angeles Wealth Management LLC boosted its holdings in Amphenol by 102.4% in the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after acquiring an additional 1,936 shares during the last quarter. Finally, Czech National Bank increased its position in Amphenol by 7.2% in the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $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.