Amphenol (NYSE:APH) Raised to Strong-Buy at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Amphenol (NYSE:APH) to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports. Seaport Res Ptn also issued estimates for Amphenol’s Q2 2024 earnings at $0.80 EPS, Q3 2024 earnings at $0.89 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.43 EPS, Q1 2025 earnings at $0.92 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.90 EPS.

Several other research firms have also recently weighed in on APH. Jefferies Financial Group initiated coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a hold rating and a $125.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a report on Thursday, January 25th. 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, April 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. Finally, Robert W. Baird raised their target price on shares of Amphenol from $123.00 to $124.00 and gave the stock an outperform rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $124.45.

Amphenol Stock Up 1.4 %

Amphenol stock opened at $136.40 on Monday. The stock has a market cap of $81.92 billion, a P/E ratio of 41.71, a P/E/G ratio of 3.16 and a beta of 1.27. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol has a twelve month low of $72.77 and a twelve month high of $137.38. The company’s 50-day moving average price is $119.25 and its two-hundred day moving average price is $105.79.

Amphenol shares are going to split on the morning of Wednesday, June 12th. The 2-1 split was announced on Wednesday, June 12th. The newly created shares will be payable to shareholders after the market closes on Wednesday, June 12th.

Amphenol (NYSE:APH) last released its quarterly earnings results 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. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. As a group, analysts expect that Amphenol will post 3.37 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.65%. Amphenol’s dividend payout ratio is 26.91%.

Amphenol announced that its board has initiated a stock buyback 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 reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Amphenol

A number of hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its position in Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares in the last quarter. Atomi Financial Group Inc. boosted its position in Amphenol by 1.7% in the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after buying an additional 81 shares in the last quarter. Lindbrook Capital LLC boosted its position in Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after buying an additional 85 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in Amphenol by 1.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after buying an additional 88 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its position in Amphenol by 3.4% in the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.