Truist Financial Increases Amphenol (NYSE:APH) Price Target to $136.00

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

A number of other research firms also recently commented on APH. Bank of America boosted their price objective on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup boosted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Robert W. Baird upped their price target on shares of Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Trading Up 1.2 %

NYSE APH opened at $120.49 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. The firm has a market cap of $72.48 billion, a PE ratio of 36.85, a P/E/G ratio of 3.10 and a beta of 1.30. Amphenol has a one year low of $72.77 and a one year high of $121.25. The firm’s fifty day moving average is $112.04 and its two-hundred day moving average is $99.70.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Amphenol will post 3.29 earnings per share for the current year.

Amphenol announced that its Board of Directors has authorized a stock buyback plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 in the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Amphenol by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after acquiring an additional 965,951 shares in the last quarter. FMR LLC increased its position in shares of Amphenol by 1.3% in the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock worth $4,661,480,000 after acquiring an additional 691,964 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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. grew 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 grew 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 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.