Amphenol (NYSE:APH) Price Target Raised to $80.00

Amphenol (NYSE:APH) had its price objective lifted by Evercore ISI from $75.00 to $80.00 in a research report report published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the electronics maker’s stock.

APH has been the topic of a number of other research reports. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target on the stock. Truist Financial increased their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group lifted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. Five research 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. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

Shares of NYSE:APH opened at $69.41 on Thursday. The business has a 50-day moving average of $65.10 and a two-hundred day moving average of $64.58. The firm has a market capitalization of $83.38 billion, a PE ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol has a 12 month low of $39.48 and a 12 month high of $71.20.

Amphenol (NYSE:APH) last released 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 company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, research analysts forecast that Amphenol will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction 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 available at the SEC website. In other news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on 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. Over the last three months, insiders 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Amphenol by 15.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock valued at $6,237,000 after purchasing an additional 7,054 shares during the last quarter. Transform Wealth LLC boosted its position in Amphenol by 16.4% during the 1st quarter. Transform Wealth LLC now owns 3,996 shares of the electronics maker’s stock valued at $462,000 after purchasing an additional 564 shares during the period. Webster Bank N. A. grew its stake in Amphenol by 16.2% during the 1st quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after buying an additional 97 shares during the last quarter. Vicus Capital acquired a new stake in Amphenol in the first quarter worth $227,000. Finally, Fox Hill Wealth Management bought a new stake in Amphenol in the first quarter valued at $1,764,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.