Amphenol’s (APH) Buy Rating Reaffirmed at Cowen

Cowen reiterated their buy rating on shares of Amphenol (NYSE:APH) in a research note issued to investors on Wednesday, January 10th. Cowen currently has a $105.00 target price on the electronics maker’s stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Amphenol from a hold rating to a buy rating and set a $93.00 price target for the company in a report on Friday, September 22nd. Deutsche Bank reiterated a buy rating and set a $95.00 price target (up from $80.00) on shares of Amphenol in a report on Thursday, October 5th. Bank of America upgraded shares of Amphenol from a neutral rating to a buy rating in a report on Friday, September 29th. Morgan Stanley lifted their price target on shares of Amphenol from $74.00 to $85.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus lifted their price target on shares of Amphenol from $78.00 to $85.00 and gave the stock a hold rating in a report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $89.60.

Amphenol (NYSE:APH) opened at $91.28 on Wednesday. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. Amphenol has a twelve month low of $66.00 and a twelve month high of $92.61. The firm has a market cap of $28,039.29, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. equities research analysts anticipate that Amphenol will post 3.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Monday, December 18th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.83%. Amphenol’s dividend payout ratio is presently 24.20%.

In other Amphenol news, CFO Craig A. Lampo sold 10,000 shares of Amphenol stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.51, for a total transaction of $895,100.00. Following the transaction, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at $3,132,850. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the transaction, the director now directly owns 260,000 shares in the company, valued at $23,589,800. The disclosure for this sale can be found here. Insiders sold 849,000 shares of company stock worth $75,518,690 over the last three months. Corporate insiders own 2.51% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Amphenol by 2.6% during the second quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock valued at $2,255,957,000 after buying an additional 765,862 shares in the last quarter. Capital World Investors lifted its position in Amphenol by 0.9% during the second quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock valued at $1,922,328,000 after buying an additional 236,214 shares in the last quarter. Janus Henderson Group PLC lifted its position in Amphenol by 1,662.5% during the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after buying an additional 9,996,239 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Amphenol by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 8,634,492 shares of the electronics maker’s stock valued at $710,446,000 after buying an additional 173,637 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in Amphenol by 31.7% during the second quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock valued at $234,024,000 after buying an additional 762,494 shares in the last quarter. 96.63% of the stock is currently owned by hedge funds and other institutional investors.

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Amphenol Company Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

Analyst Recommendations for Amphenol (NYSE:APH)

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