Amphenol (NYSE:APH) Given New $85.00 Price Target at Bank of America

Amphenol (NYSE:APH) had its target price raised by research analysts at Bank of America from $75.00 to $85.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the electronics maker’s stock. Bank of America‘s price objective indicates a potential upside of 10.25% from the stock’s current price.

Other equities analysts have also issued reports about the company. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $77.92.

Amphenol Stock Performance

NYSE:APH opened at $77.10 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37. Amphenol has a 52-week low of $49.38 and a 52-week high of $79.39. The firm has a market cap of $92.95 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24. The business’s fifty day moving average is $71.98 and its 200 day moving average is $67.93.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. Research analysts predict that Amphenol will post 2.17 EPS for the current year.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amphenol

Institutional investors and hedge funds have recently bought and sold shares of the business. Trifecta Capital Advisors LLC lifted its holdings in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Hanson & Doremus Investment Management purchased a new stake in Amphenol in the 4th quarter worth approximately $32,000. Core Alternative Capital lifted its holdings in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after buying an additional 231 shares during the period. Continuum Advisory LLC raised its position in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other 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.