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

Amphenol (NYSE:APH) had its price target hoisted by Evercore ISI from $75.00 to $80.00 in a report issued on Thursday morning, Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

A number of other analysts have also weighed in on the stock. UBS Group upped their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday. Truist Financial lifted their price target on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Down 0.6 %

APH opened at $69.41 on Thursday. The stock’s 50 day moving average price is $65.10 and its 200 day moving average price is $64.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The stock has a market cap of $83.38 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol has a 12 month low of $39.48 and a 12 month high of $71.20.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, research analysts predict that Amphenol will post 1.76 earnings per share for the current year.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amphenol news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 570,000 shares of company stock valued at $37,209,000 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Amphenol

A number of hedge funds have recently modified their holdings of the stock. Beacon Capital Management LLC increased its position in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 188 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Amphenol in the second quarter worth approximately $29,000. Trifecta Capital Advisors LLC lifted its stake in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the last quarter. Finally, Sachetta LLC grew its position in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.