Amphenol Co. (NYSE:APH) Receives $69.63 Consensus Price Target from Analysts

Shares of Amphenol Co. (NYSE:APH) have earned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $69.63.

A number of research analysts have recently weighed in on the company. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Robert W. Baird lifted their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amphenol

Hedge funds have recently made changes to their positions in the stock. State Street Corp grew its position in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Geode Capital Management LLC lifted its stake in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after purchasing an additional 564,991 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares during the last quarter. Finally, Mawer Investment Management Ltd. lifted its stake in Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Down 0.7 %

Shares of NYSE:APH opened at $72.73 on Monday. The business’s 50 day simple moving average is $68.23 and its two-hundred day simple moving average is $66.58. The firm has a market cap of $87.68 billion, a P/E ratio of 41.80, a PEG ratio of 2.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol has a 52-week low of $44.90 and a 52-week high of $74.93.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, research analysts forecast that Amphenol will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

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.