Amphenol (NYSE:APH) Downgraded by Wall Street Zen to Hold

Amphenol (NYSE:APH) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages also recently issued reports on APH. Evercore ISI upped their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. The Goldman Sachs Group increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, UBS Group increased their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $88.00.

Amphenol Stock Performance

Shares of APH opened at $92.38 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market capitalization of $111.75 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 1.92 and a beta of 1.12. The company’s 50 day simple moving average is $80.32 and its 200 day simple moving average is $72.94. Amphenol has a 1 year low of $54.77 and a 1 year high of $94.83.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, sell-side analysts predict that Amphenol will post 2.36 EPS for the current year.

Insiders Place Their Bets

In other news, insider Luc Walter sold 286,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the sale, the insider now owns 451,790 shares of the company’s stock, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last quarter. 1.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the 1st quarter valued at about $25,000. Tacita Capital Inc grew its position in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Avalon Trust Co grew its position in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after buying an additional 232 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Institutional investors 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.