Amphenol (NYSE:APH – Get Free Report) had its price objective increased by stock analysts at The Goldman Sachs Group from $79.00 to $89.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 15.44% from the company’s previous close.
A number of other research analysts have also issued reports on APH. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.92.
Read Our Latest Research Report on APH
Amphenol Trading Down 1.9 %
Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. During the same period in the previous year, the business posted $0.82 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, equities analysts forecast that Amphenol will post 2.17 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in Amphenol during the second quarter valued at approximately $242,000. AE Wealth Management LLC grew its position in Amphenol by 154.7% in the second quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after acquiring an additional 4,671 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Amphenol by 107.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock worth $195,000 after acquiring an additional 1,576 shares in the last quarter. Public Sector Pension Investment Board grew its position in Amphenol by 246.5% in the second quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock worth $3,095,000 after acquiring an additional 32,685 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in Amphenol by 130.6% in the second quarter. Evergreen Capital Management LLC now owns 7,075 shares of the electronics maker’s stock worth $477,000 after acquiring an additional 4,007 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
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.
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