Amphenol (NYSE:APH) PT Raised to $136.00

Amphenol (NYSE:APH) had its price objective upped by research analysts at Truist Financial from $121.00 to $136.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Truist Financial’s price objective points to a potential upside of 12.87% from the stock’s current price.

APH has been the subject of several other research reports. Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Bank of America raised their price objective on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group raised their price objective on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup raised their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group began coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.83.

Amphenol Stock Up 1.2 %

Shares of NYSE:APH opened at $120.49 on Thursday. Amphenol has a 52-week low of $72.77 and a 52-week high of $121.25. The firm has a market capitalization of $72.48 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.10 and a beta of 1.30. The stock has a 50 day moving average price of $112.04 and a 200-day moving average price of $99.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol will post 3.29 EPS for the current fiscal year.

Amphenol announced that its board has approved a share buyback program on Wednesday, April 24th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on 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 filing with the SEC, which can be accessed through the SEC website. In other news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,000 shares of company stock valued at $31,846,050. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 lifted its position in 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 lifted its position in 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. JPMorgan Chase & Co. lifted its position in 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. Finally, Massachusetts Financial Services Co. MA lifted its position in Amphenol by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,212,184 shares of the electronics maker’s stock valued at $1,309,724,000 after purchasing an additional 67,091 shares in the last quarter. 97.01% of the stock is currently 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.