Amphenol Co. (APH) Stock Rating Upgraded by BidaskClub
Amphenol Co. (NYSE:APH) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Thursday, June 22nd. Deutsche Bank AG increased their price target on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol in a research report on Thursday, June 1st. Morgan Stanley increased their price target on shares of Amphenol from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Stifel Nicolaus increased their price target on shares of Amphenol from $64.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Amphenol presently has an average rating of “Buy” and an average price target of $78.38.
Shares of Amphenol (NYSE:APH) opened at 77.97 on Friday. The stock has a 50 day moving average price of $75.52 and a 200 day moving average price of $72.40. Amphenol has a 12-month low of $59.58 and a 12-month high of $78.58. The stock has a market capitalization of $23.82 billion, a P/E ratio of 26.25 and a beta of 0.77.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Amphenol had a net margin of 15.22% and a return on equity of 26.62%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol will post $3.09 earnings per share for the current fiscal year.
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In other Amphenol news, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total value of $4,827,816.00. Following the transaction, the vice president now owns 8,800 shares of the company’s stock, valued at $687,456. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $2,914,400. The disclosure for this sale can be found here. Insiders sold 1,265,200 shares of company stock worth $95,179,956 in the last three months. 2.51% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of APH. Birch Hill Investment Advisors LLC acquired a new position in shares of Amphenol during the first quarter worth about $105,000. Dupont Capital Management Corp acquired a new stake in Amphenol during the second quarter worth $109,000. YorkBridge Wealth Partners LLC boosted its stake in Amphenol by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the period. Israel Discount Bank of New York acquired a new stake in Amphenol during the first quarter worth $121,000. Finally, Pinnacle Bank acquired a new stake in Amphenol during the first quarter worth $122,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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