Amphenol (NYSE:APH) Price Target Increased to $124.00 by Analysts at Robert W. Baird

Amphenol (NYSE:APH) had its target price increased by Robert W. Baird from $123.00 to $124.00 in a research note released on Thursday morning, Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

Several other analysts have also issued reports on the stock. Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a hold rating and a $125.00 target price for the company. The Goldman Sachs Group upped their price target on shares of Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a research report on Thursday, January 25th. UBS Group upped their price target on shares of Amphenol from $118.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Evercore ISI upped their price target on shares of Amphenol from $110.00 to $125.00 and gave the stock an outperform rating in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Amphenol from $118.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $118.83.

Amphenol Stock Performance

Shares of APH stock opened at $119.00 on Thursday. The company has a 50 day moving average price of $111.74 and a 200-day moving average price of $99.44. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $71.59 billion, a PE ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59.

Amphenol (NYSE:APH) last announced its 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. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities research analysts expect that Amphenol will post 3.29 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is 26.91%.

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

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. 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 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in APH. Peoples Bank KS bought a new position in shares of Amphenol in the third quarter worth about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Amphenol in the fourth quarter worth about $29,000. Mendota Financial Group LLC bought a new position in shares of Amphenol in the fourth quarter worth about $33,000. Venturi Wealth Management LLC grew its holdings in shares of Amphenol by 75.5% in the fourth 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 grew its holdings in shares of Amphenol by 70.8% in the fourth 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 currently owned by institutional investors.

About Amphenol

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.