Amphenol (NYSE:APH) PT Raised to $82.00 at Truist Financial

Amphenol (NYSE:APH) had its target price raised by analysts at Truist Financial from $76.00 to $82.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Truist Financial’s target price points to a potential upside of 18.14% from the company’s current price.

A number of other research firms have also issued reports on APH. UBS Group lifted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI raised 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. Bank of America lifted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. 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. Finally, Vertical Research started coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Five investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Stock Down 0.6 %

Shares of NYSE:APH opened at $69.41 on Thursday. The firm has a market capitalization of $83.38 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. Amphenol has a 1 year low of $39.48 and a 1 year high of $71.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The firm’s 50-day moving average is $65.03 and its two-hundred day moving average is $64.51.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. Analysts predict that Amphenol will post 1.76 EPS for the current year.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 approximately $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 570,000 shares of company stock worth $37,209,000. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amphenol

Several institutional investors have recently bought and sold shares of APH. Beacon Capital Management LLC increased its stake in shares of Amphenol by 121.2% during the second 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 raised its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares in the last quarter. Sachetta LLC lifted its holdings in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares during the period. Trifecta Capital Advisors LLC boosted its stake in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Amphenol during the second quarter worth $29,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.