Amphenol (NYSE:APH) Price Target Increased to $136.00 by Analysts at Truist Financial

Amphenol (NYSE:APH) had its price target boosted by Truist Financial from $121.00 to $136.00 in a research report released on Thursday morning, Benzinga reports. Truist Financial currently has a buy rating on the electronics maker’s stock.

Several other research analysts have also recently commented on APH. Stifel Nicolaus raised their target price on shares of Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a report on Thursday, January 25th. Citigroup raised their target price on shares of Amphenol from $117.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 4th. Evercore ISI raised their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an outperform rating in a report on Thursday. Bank of America raised their target price on shares of Amphenol from $121.00 to $124.00 and gave the stock a buy rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $125.00 to $130.00 and gave the stock an overweight rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $118.83.

Amphenol Stock Performance

NYSE:APH opened at $120.49 on Thursday. Amphenol has a twelve month low of $72.77 and a twelve month high of $121.25. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $112.04 and a 200-day moving average of $99.92. The firm has a market cap of $72.48 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 3.17 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts forecast that Amphenol will post 3.34 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol announced that its board has initiated a share buyback plan on Wednesday, April 24th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Peter Straub sold 20,000 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock worth $31,846,050 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amphenol

Large investors have recently bought and sold shares of the stock. Frazier Financial Advisors LLC acquired a new position in Amphenol during the 4th quarter valued at $29,000. Peoples Bank KS acquired a new position in Amphenol during the 3rd quarter valued at $27,000. WASHINGTON TRUST Co raised its stake in Amphenol by 88.2% during the 1st quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 150 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.