Amphenol (NYSE:APH) Price Target Raised to $102.00

Amphenol (NYSE:APHFree Report) had its target price upped by Truist Financial from $90.00 to $102.00 in a research report released on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the electronics maker’s stock.

A number of other equities research analysts also recently weighed in on APH. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five equities research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Check Out Our Latest Analysis on APH

Amphenol Stock Performance

APH opened at $77.10 on Thursday. The firm has a market cap of $92.95 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The business’s fifty day moving average is $72.12 and its 200-day moving average is $68.00. Amphenol has a 52-week low of $49.38 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37.

Amphenol (NYSE:APHGet Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. During the same period last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts expect that Amphenol will post 2.17 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Amphenol’s dividend payout ratio is 34.55%.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last three months. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Several large investors have recently added to or reduced their stakes in APH. Princeton Global Asset Management LLC grew its position in shares of Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after buying an additional 136 shares during the period. Fortitude Family Office LLC grew its holdings in Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares during the period. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares during the period. Finally, AlphaMark Advisors LLC boosted its position in shares of Amphenol by 0.5% during the 4th quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock worth $2,376,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Amphenol

(Get Free Report)

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.

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