Amphenol Corporation (APH) Rating Reiterated by Deutsche Bank AG
Amphenol Corporation (NYSE:APH)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a note issued to investors on Thursday. They currently have a $95.00 target price on the electronics maker’s stock, up from their prior target price of $80.00. Deutsche Bank AG’s target price points to a potential upside of 9.73% from the stock’s previous close.
Several other equities research analysts have also issued reports on APH. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Monday, October 2nd. BidaskClub upgraded shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Royal Bank Of Canada raised their target price on shares of Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a report on Monday, August 14th. Finally, Bank of America Corporation upgraded shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $82.25.
Shares of Amphenol Corporation (NYSE:APH) opened at 86.58 on Thursday. Amphenol Corporation has a 1-year low of $62.64 and a 1-year high of $86.59. The company has a market capitalization of $26.45 billion, a P/E ratio of 29.15 and a beta of 0.79. The firm has a 50-day moving average of $81.88 and a 200 day moving average of $75.85.
Amphenol Corporation (NYSE:APH) last released its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. On average, analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current year.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $80.98, for a total transaction of $1,214,700.00. Following the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,239,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luc Walter sold 110,400 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the transaction, the senior vice president now directly owns 130,400 shares in the company, valued at approximately $10,132,080. The disclosure for this sale can be found here. Insiders sold a total of 433,200 shares of company stock worth $33,886,886 in the last ninety days. 2.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eqis Capital Management Inc. increased its position in Amphenol Corporation by 9.4% during the 3rd quarter. Eqis Capital Management Inc. now owns 9,069 shares of the electronics maker’s stock valued at $768,000 after purchasing an additional 779 shares during the period. Intl Fcstone Inc. purchased a new position in Amphenol Corporation during the 2nd quarter valued at about $260,000. Achmea Investment Management B.V. increased its position in Amphenol Corporation by 63.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 37,104 shares of the electronics maker’s stock valued at $2,738,000 after purchasing an additional 14,353 shares during the period. Lord Abbett & CO. LLC increased its position in Amphenol Corporation by 2.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 621,372 shares of the electronics maker’s stock valued at $45,870,000 after purchasing an additional 13,120 shares during the period. Finally, USA Financial Portformulas Corp increased its position in Amphenol Corporation by 23.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 50,404 shares of the electronics maker’s stock valued at $3,721,000 after purchasing an additional 9,513 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.
About Amphenol Corporation
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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