Amphenol (NYSE:APH) Price Target Raised to $111.00

Amphenol (NYSE:APH) had its price objective boosted by Barclays from $100.00 to $111.00 in a report issued on Monday,Benzinga reports. Barclays currently has an overweight rating on the electronics maker’s stock.

A number of other equities research analysts have also weighed in on APH. Evercore set a $100.00 target price on shares of Amphenol in a report on Wednesday, October 28th. BNP Paribas Exane raised their price target on shares of Amphenol from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Truist Financial lifted their price target on Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Royal Bank Of Canada set a $100.00 price objective on Amphenol in a report on Monday, October 26th. Finally, Wolfe Research initiated coverage on Amphenol in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of “Buy” and an average price target of $108.32.

Amphenol Stock Performance

Shares of APH stock opened at $79.09 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $81.60 and a two-hundred day simple moving average of $75.57. Amphenol has a 12 month low of $59.01 and a 12 month high of $89.93. The firm has a market capitalization of $195.30 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.27.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. Analysts forecast that Amphenol will post 2.84 EPS for the current fiscal year.

Amphenol announced that its Board of Directors has initiated a share buyback program on Wednesday, October 28th that permits the company to repurchase $4 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 2% of its stock through open market purchases. Share repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 21.74%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently modified their holdings of APH. Vaquero Private Wealth Ltd. purchased a new position in shares of Amphenol in the 2nd quarter valued at approximately $32,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Tompkins Financial Corp grew its stake in Amphenol by 81.9% in the second quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 95 shares during the period. Wilkerson Advisory Group LLC grew its stake in Amphenol by 57.4% in the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 85 shares during the period. Finally, Valued Wealth Advisors LLC raised its holdings in Amphenol by 53.9% in the first quarter. Valued Wealth Advisors LLC now owns 234 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Key Headlines Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: AI data-center demand and recent record sales are key growth drivers. Amphenol’s latest quarter beat earnings and revenue estimates, with revenue up 65.1% year over year; a recent deep dive also highlighted AI demand and acquisitions as supports for its outlook. Article: APH Q3 deep dive
• Positive Sentiment: Barclays forecast further price appreciation for APH, while Evercore named Amphenol among technology stocks to own following the U.S. election. These recommendations support the bullish case, though the supplied reports do not provide details of the analysts’ rationale or targets. Article: Barclays outlook Article: Evercore technology-stock picks
• Positive Sentiment: A newly authorized $4 billion share-repurchase program could support shareholder returns and signal confidence in the business. Article: Buyback capacity
• Neutral Sentiment: A report raised the possibility that a new partnership could strengthen Amphenol’s role in AI infrastructure, but the available details do not establish the partnership’s terms or financial impact. Article: Amphenol and AI infrastructure partnership
• Negative Sentiment: CEO Richard Norwitt sold 799,576 shares for about $65.9 million, reducing his direct stake by 17.18%. He retained roughly 3.86 million shares, but the sizable sale may concern investors. Article: CEO share sale
• Negative Sentiment: Amphenol has been caught in a broader AI-stock sell-off despite strong orders and growth across data-center suppliers, which can pressure shares independently of company fundamentals. Article: AI stocks and data-center spending

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.