Amphenol Co. (NYSE:APH) Receives $80.68 Consensus Target Price from Analysts

Shares of Amphenol Co. (NYSE:APH) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $80.68.

APH has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Institutional Investors Weigh In On Amphenol

Several institutional investors and hedge funds have recently made changes to their positions in APH. Princeton Global Asset Management LLC lifted its holdings in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co lifted its stake in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after buying an additional 147 shares in the last quarter. MJP Associates Inc. ADV grew its holdings in Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker’s stock valued at $509,000 after buying an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc increased its position in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after buying an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock worth $381,000 after acquiring an additional 173 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Up 0.6 %

Shares of NYSE:APH opened at $65.96 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $79.93 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol has a 1-year low of $54.72 and a 1-year high of $79.39. The firm has a fifty day moving average price of $67.65 and a 200 day moving average price of $68.86.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Sell-side analysts predict that Amphenol will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.55%.

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.