Truist Financial Boosts Amphenol (NYSE:APH) Price Target to $82.00

Amphenol (NYSE:APH) had its price target upped by Truist Financial from $76.00 to $82.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

APH has been the subject of several other research reports. Evercore ISI boosted 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. UBS Group boosted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Vertical Research began coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Finally, Robert W. Baird raised their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Down 0.6 %

NYSE APH opened at $69.41 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol has a 12 month low of $39.48 and a 12 month high of $71.20. The company 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 stock has a 50-day simple moving average of $65.10 and a 200 day simple moving average of $64.69.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. Research analysts forecast that Amphenol will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the business’s 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. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Hedge funds and other institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC raised its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC raised its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares during the period. Sachetta LLC lifted its holdings in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC boosted its position in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter valued at $29,000. Institutional investors 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.