Amphenol (NYSE:APH) Price Target Raised to $115.00

Amphenol (NYSE:APH) had its price target upped by JPMorgan Chase & Co. from $107.00 to $115.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the electronics maker’s stock.

APH has been the subject of several other research reports. Robert W. Baird reduced their price objective on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Evercore set a $100.00 target price on shares of Amphenol in a research report on Wednesday. Weiss Ratings downgraded shares of Amphenol from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Barclays reaffirmed an “overweight” rating and issued a $100.00 price target (down from $200.00) on shares of Amphenol in a report on Tuesday, September 8th. Finally, UBS Group upped their price target on Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $111.79.

Amphenol Stock Performance

Shares of Amphenol stock opened at $79.48 on Thursday. The company has a market capitalization of $196.00 billion, a PE ratio of 34.56, a P/E/G ratio of 0.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.41 and a current ratio of 1.94. The company has a 50-day simple moving average of $81.46 and a two-hundred day simple moving average of $75.48. Amphenol has a one year low of $59.01 and a one year high of $89.93.

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

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

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s payout ratio is presently 21.74%.

Insider Activity

In related news, CFO Craig 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 of the company’s stock, valued at $15,169,161.15. This trade represents a 68.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Silverman sold 240,000 shares of Amphenol stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the completion of the sale, the executive vice president owned 31,344 shares of the company’s stock, valued at $2,730,689.28. This trade represents a 88.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 726,400 shares of company stock worth $61,332,592 over the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Amphenol by 24.2% in the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after purchasing an additional 13,884,641 shares during the period. Wellington Management Group LLP raised its stake in shares of Amphenol by 10.5% in the second quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock worth $2,923,371,000 after purchasing an additional 1,578,248 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Amphenol by 3,010.0% during the second quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after purchasing an additional 15,908,901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Amphenol by 4.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker’s stock worth $1,710,939,000 after purchasing an additional 416,388 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in Amphenol in the second quarter valued at approximately $1,600,531,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Key Stories Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Amphenol raised its fourth-quarter 2026 outlook to EPS of $0.81-$0.83 and revenue of $10.3-$10.5 billion, above consensus estimates of $0.75 and $9.7 billion, respectively.
• Positive Sentiment: The company also increased its full-year 2026 guidance to EPS of $2.82-$2.84 and revenue of $36.9-$37.1 billion, ahead of analyst expectations of $2.69 and $35.7 billion.
• Positive Sentiment: Third-quarter results exceeded expectations, with adjusted EPS of $0.80 versus the $0.73 consensus and revenue of approximately $10.2 billion. Orders rose 99% year over year, and the book-to-bill ratio reached 1.19, indicating strong demand momentum.
• Positive Sentiment: Management highlighted strong artificial-intelligence data-center demand, with IT datacom sales increasing sharply. Analysts at JPMorgan, BNP Paribas Exane, UBS and Truist raised their price targets to $111-$115 and maintained bullish ratings.
• Positive Sentiment: The board approved a new $4 billion share-repurchase program, covering up to 2% of outstanding shares and beginning in 2027. Buybacks can support earnings per share and signal management confidence in the valuation. Amphenol Board of Directors Approves Share Repurchase Program
• Neutral Sentiment: Amphenol agreed to acquire Humanetics Sensors and AdvancedPCB Holdings. The transactions could expand its sensor and circuit-board businesses, although financial terms and the near-term earnings impact were not provided.
• Negative Sentiment: Rothschild & Co Redburn cut its price target from $197 to $107. Although the revised target still implies substantial upside, the magnitude of the reduction may pressure investor sentiment.
• Negative Sentiment: The company’s quarterly dividend was reported at $0.15 per share, below the prior $0.25 payout. The lower distribution may disappoint income-focused investors, despite broader reports describing the post-split payout as an increase.

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.