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

Amphenol (NYSE:APH) had its price target hoisted by research analysts at Evercore ISI from $75.00 to $80.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the electronics maker’s stock. Evercore ISI’s price target points to a potential upside of 15.79% from the stock’s previous close.

Several other research firms have also weighed in on APH. Robert W. Baird increased their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group raised their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target on the stock. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Truist Financial increased their target price on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.67.

Amphenol Trading Up 0.9 %

Shares of NYSE APH traded up $0.62 during trading on Thursday, reaching $69.09. The company had a trading volume of 2,437,382 shares, compared to its average volume of 6,590,895. Amphenol has a 12 month low of $39.34 and a 12 month high of $71.20. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The stock has a market cap of $82.99 billion, a P/E ratio of 42.45, a PEG ratio of 2.56 and a beta of 1.24. The company’s fifty day moving average price is $64.96 and its 200-day moving average price is $64.47.

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

Insiders Place Their Bets

In related news, insider William J. Doherty sold 300,000 shares of the business’s 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Luc Walter sold 106,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock worth $98,236,640 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amphenol

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