Amphenol (NYSE:APH) Price Target Raised to $111.00

Amphenol (NYSE:APH) had its price target hoisted by equities research analysts at Barclays from $100.00 to $111.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the electronics maker’s stock. Barclays‘s target price would suggest a potential upside of 38.68% from the company’s previous close.

APH has been the subject of several other research reports. Rothschild & Co Redburn lowered their price target on shares of Amphenol from $197.00 to $107.00 in a research report on Friday. TD Cowen cut their price objective on shares of Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. Citigroup reissued a “buy” rating and set a $115.00 target price (up from $112.00) on shares of Amphenol in a research note on Thursday. Royal Bank Of Canada set a $100.00 target price on shares of Amphenol in a research report on Monday, October 26th. Finally, Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $108.32.

Amphenol Stock Performance

Shares of Amphenol stock traded up $0.74 on Monday, reaching $80.04. 11,075,037 shares of the company were exchanged, compared to its average volume of 17,075,070. The firm has a market cap of $197.38 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 0.94 and a beta of 1.23. Amphenol has a 1-year low of $59.01 and a 1-year high of $89.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. The company’s 50-day moving average is $81.46 and its two-hundred day moving average is $75.48.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business’s revenue for the quarter was up 65.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, research analysts expect that Amphenol will post 2.84 earnings per share for the current fiscal year.

Amphenol declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 28th that authorizes the company to repurchase $4 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Craig A. Lampo sold 386,400 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $83.66, for a total value of $32,324,292.00. Following the completion of the transaction, the chief financial officer directly owned 181,330 shares in the company, valued at $15,169,161.15. This trade represents a 68.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David M. Silverman sold 240,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the transaction, the executive vice president owned 31,344 shares in the company, valued at $2,730,689.28. This represents a 88.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Genesis Private Wealth LLC grew its holdings in Amphenol by 106.9% during the third quarter. Genesis Private Wealth LLC now owns 4,859 shares of the electronics maker’s stock worth $410,000 after acquiring an additional 2,510 shares during the period. Quadcap Wealth Management LLC lifted its holdings in Amphenol by 95.1% in the 3rd quarter. Quadcap Wealth Management LLC now owns 13,911 shares of the electronics maker’s stock valued at $1,173,000 after acquiring an additional 6,779 shares during the last quarter. Brady Family Wealth LLC boosted its position in shares of Amphenol by 121.7% during the 3rd quarter. Brady Family Wealth LLC now owns 54,344 shares of the electronics maker’s stock valued at $4,581,000 after purchasing an additional 29,830 shares in the last quarter. StrongBox Wealth LLC boosted its position in shares of Amphenol by 935.6% during the 3rd quarter. StrongBox Wealth LLC now owns 7,063 shares of the electronics maker’s stock valued at $595,000 after purchasing an additional 6,381 shares in the last quarter. Finally, QTR Family Wealth LLC grew its stake in shares of Amphenol by 89.7% in the 3rd quarter. QTR Family Wealth LLC now owns 4,438 shares of the electronics maker’s stock worth $374,000 after purchasing an additional 2,098 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.