Amphenol (NYSE:APH) Lifted to Buy at StockNews.com

Amphenol (NYSE:APH – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird cut their target price on shares of Amphenol from $93.00 to $91.00 in a report on Thursday, January 26th. Jefferies Financial Group cut shares of Amphenol from a “buy” rating to a “hold” rating and raised their target price for the stock from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Credit Suisse Group began coverage on Amphenol in a research note on Monday, December 12th. They issued an “outperform” rating and a $93.00 price target for the company. Finally, Truist Financial raised their price target on Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $86.36.

Amphenol Stock Up 1.0 %

APH stock opened at $79.16 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $78.98 and its 200 day moving average is $76.38. The stock has a market cap of $47.07 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.97 and a beta of 1.24. Amphenol has a 1-year low of $61.67 and a 1-year high of $82.86.

Amphenol (NYSE:APH – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the business earned $0.70 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Amphenol will post 2.96 EPS for the current fiscal year.

Insider Transactions at Amphenol

In related news, insider Jean-Luc Gavelle sold 129,800 shares of Amphenol stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $81.64, for a total value of $10,596,872.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jean-Luc Gavelle sold 129,800 shares of Amphenol stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $81.64, for a total value of $10,596,872.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 25,000 shares of Amphenol stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $82.19, for a total value of $2,054,750.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,112,283. The disclosure for this sale can be found here. Insiders sold a total of 804,800 shares of company stock valued at $65,769,622 in the last quarter. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Amphenol

A number of large investors have recently made changes to their positions in APH. RFP Financial Group LLC bought a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Altshuler Shaham Ltd purchased a new position in Amphenol in the 4th quarter worth approximately $33,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Amphenol in the 4th quarter worth approximately $41,000. Edmond DE Rothschild Holding S.A. purchased a new position in Amphenol in the 4th quarter worth approximately $41,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in Amphenol by 497.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 527 shares in the last quarter. 94.01% of the stock is currently owned by institutional investors.

About Amphenol

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.