Amphenol (NYSE:APH) Price Target Raised to $82.00

Amphenol (NYSE:APH) had its price objective upped by Truist Financial from $76.00 to $82.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

A number of other analysts have also recently commented on APH. UBS Group boosted their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Vertical Research started coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. 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 note on Thursday. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $69.17.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.42 on Thursday, hitting $69.38. 1,825,820 shares of the company were exchanged, compared to its average volume of 6,603,604. Amphenol has a 1-year low of $39.48 and a 1-year high of $71.20. The stock’s 50 day moving average price is $64.96 and its 200 day moving average price is $64.47. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $83.34 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion during 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%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Sell-side analysts predict that Amphenol will post 1.76 EPS for the current year.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction on 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 is available through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction 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 directly owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 570,000 shares of company stock valued at $37,209,000 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

Hedge funds have recently made changes to their positions in the company. Beacon Capital Management LLC lifted its stake in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the period. Sachetta LLC lifted its stake in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. Trifecta Capital Advisors LLC lifted its stake in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol in the 2nd quarter worth $29,000. Institutional investors and hedge funds 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.