Amphenol Co. (NYSE:APH) Receives Consensus Rating of “Moderate Buy” from Analysts

Amphenol Co. (NYSE:APH) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $63.42.

APH has been the topic of several research analyst reports. TD Cowen upped their price objective on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Citigroup upped their price objective on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Bank of America upped their price objective on Amphenol from $68.50 to $72.00 and gave the company a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upped their price objective on Amphenol from $62.50 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Truist Financial boosted their target price on shares of Amphenol from $68.00 to $74.50 and gave the company a “buy” rating in a report on Friday, May 24th.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 230,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total value of $15,541,100.00. Following the transaction, the insider now owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Amphenol

A number of large investors have recently modified their holdings of APH. Norges Bank purchased a new position in shares of Amphenol during the 4th quarter valued at about $1,078,167,000. Price T Rowe Associates Inc. MD grew its position in Amphenol by 39.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock worth $2,899,059,000 after acquiring an additional 8,340,759 shares during the last quarter. Swedbank AB bought a new position in Amphenol during the 1st quarter worth approximately $121,133,000. TD Asset Management Inc grew its position in Amphenol by 101.7% during the 4th quarter. TD Asset Management Inc now owns 1,987,076 shares of the electronics maker’s stock worth $196,979,000 after acquiring an additional 1,001,901 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Amphenol by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after acquiring an additional 965,951 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of NYSE APH opened at $67.49 on Friday. Amphenol has a twelve month low of $39.34 and a twelve month high of $70.84. The stock’s 50 day moving average price is $64.69 and its 200-day moving average price is $56.78. The company has a market capitalization of $81.07 billion, a PE ratio of 41.28, a PEG ratio of 3.17 and a beta of 1.26. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol will post 1.69 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.30%. Amphenol’s payout ratio is currently 26.91%.

Amphenol declared that its board has authorized a stock repurchase program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.