Amphenol (NYSE:APH) PT Raised to $121.00

Amphenol (NYSE:APH) had its price target hoisted by Bank of America from $117.00 to $121.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Amphenol from $118.00 to $125.00 and gave the company an overweight rating in a report on Thursday, April 11th. Citigroup raised their price target on Amphenol from $117.00 to $135.00 and gave the company a buy rating in a report on Thursday, April 4th. Robert W. Baird raised their price target on Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a report on Thursday, January 25th. The Goldman Sachs Group raised their price target on Amphenol from $107.00 to $119.00 and gave the company a buy rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group began coverage on Amphenol in a report on Tuesday, April 9th. They set a hold rating and a $125.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $113.75.

Amphenol Trading Down 0.5 %

NYSE APH opened at $110.88 on Thursday. The company has a market cap of $66.70 billion, a PE ratio of 35.65, a PEG ratio of 3.21 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. Amphenol has a 12 month low of $72.00 and a 12 month high of $119.59. The stock has a 50 day moving average of $110.77 and a 200-day moving average of $98.35.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities research analysts anticipate that Amphenol will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is currently 28.30%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,000 shares of company stock worth $31,846,050. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of APH. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock valued at $7,250,181,000 after purchasing an additional 965,951 shares in the last quarter. FMR LLC boosted its stake in shares of Amphenol by 1.3% during the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after purchasing an additional 691,964 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amphenol by 39.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after purchasing an additional 8,340,759 shares in the last quarter. State Street Corp boosted its stake in shares of Amphenol by 2.4% during the first quarter. State Street Corp now owns 24,794,281 shares of the electronics maker’s stock valued at $2,031,342,000 after purchasing an additional 582,081 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after purchasing an additional 653,354 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.