Amphenol (NYSE:APH) Price Target Increased to $130.00 by Analysts at Evercore ISI

Amphenol (NYSE:APH) had its price objective hoisted by stock analysts at Evercore ISI from $125.00 to $130.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the electronics maker’s stock. Evercore ISI’s price objective suggests a potential upside of 12.55% from the company’s previous close.

Several other brokerages have also recently issued reports on APH. Jefferies Financial Group began coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group raised their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird raised their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.67.

Amphenol Stock Performance

APH traded down $0.81 during trading hours on Thursday, hitting $115.50. The company’s stock had a trading volume of 485,328 shares, compared to its average volume of 2,820,738. Amphenol has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $69.48 billion, a PE ratio of 37.14, a PEG ratio of 3.06 and a beta of 1.30. The company has a 50-day simple moving average of $111.48 and a 200 day simple moving average of $99.30.

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, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol will post 3.28 EPS for the current year.

Amphenol announced that its board has authorized a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction that occurred on 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 $2,692,075. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last three months. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Institutional investors have recently added to or reduced their stakes in the stock. Peoples Bank KS acquired a new position in shares of Amphenol in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new position in Amphenol in the 4th quarter worth approximately $29,000. Mendota Financial Group LLC bought a new position in Amphenol in the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC raised its position in Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 138 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.