Amphenol (NYSE:APH) PT Raised to $80.00 at Evercore ISI

Amphenol (NYSE:APH) had its price objective boosted by analysts at Evercore ISI from $75.00 to $80.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the electronics maker’s stock. Evercore ISI’s price target points to a potential upside of 15.26% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Truist Financial boosted their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday. Five investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Down 0.6 %

NYSE APH opened at $69.41 on Thursday. 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 P/E ratio of 42.48, a PEG ratio of 2.56 and a beta of 1.24. The company’s 50 day simple moving average is $65.03 and its 200 day simple moving average is $64.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for 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%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Equities research analysts expect that Amphenol will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the business’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 transaction, the vice president now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amphenol news, insider Luc Walter sold 170,000 shares of Amphenol stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the sale, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 570,000 shares of company stock worth $37,209,000. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Several institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. raised its holdings in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Amphenol by 1.7% in the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Amphenol by 1.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the last quarter. Nicolet Advisory Services LLC grew its holdings in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in Amphenol by 16.2% during the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 97 shares during the last quarter. 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.