Amphenol (NYSE:APH) Price Target Raised to $102.00

Amphenol (NYSE:APH) had its price objective boosted by stock analysts at The Goldman Sachs Group from $90.00 to $102.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 10.35% from the company’s previous close.

APH has been the topic of a number of other reports. Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.53 on Tuesday, reaching $92.43. 4,347,512 shares of the company’s stock were exchanged, compared to its average volume of 7,472,445. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average is $77.73 and its two-hundred day moving average is $72.38. Amphenol has a fifty-two week low of $54.77 and a fifty-two week high of $94.10. The firm has a market capitalization of $111.81 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. As a group, equities research analysts forecast that Amphenol will post 2.36 EPS for the current year.

Insider Buying and Selling

In related news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president now directly owns 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Insiders own 1.67% of the company’s stock.

Institutional Trading of Amphenol

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Independent Advisor Alliance increased its holdings in Amphenol by 1.7% during the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock worth $471,000 after buying an additional 122 shares during the last quarter. Forum Financial Management LP grew its holdings in Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker’s stock worth $438,000 after purchasing an additional 126 shares during the period. Ironwood Investment Counsel LLC increased its position in Amphenol by 2.9% during the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker’s stock worth $307,000 after buying an additional 132 shares during the last quarter. FourThought Financial Partners LLC raised its stake in Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker’s stock valued at $231,000 after buying an additional 139 shares during the period. Finally, Gallacher Capital Management LLC lifted its position in shares of Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker’s stock valued at $210,000 after buying an additional 142 shares during the last quarter. 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.