Amphenol Corporation (NYSE:APH) had its price target boosted by equities researchers at Deutsche Bank AG from $95.00 to $96.00 in a research report issued on Thursday, October 26th. The firm currently has a “buy” rating on the electronics maker’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 8.50% from the company’s previous close.
Several other research analysts have also recently issued reports on APH. BidaskClub raised shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a report on Monday, August 14th. Bank of America Corporation raised shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Amphenol Corporation in a research note on Monday, October 16th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Amphenol Corporation presently has a consensus rating of “Buy” and an average target price of $87.90.
Shares of Amphenol Corporation (NYSE APH) traded up $0.27 during mid-day trading on Thursday, reaching $88.48. 1,054,700 shares of the company traded hands, compared to its average volume of 1,127,853. The stock has a market capitalization of $26,933.96, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $88.62. 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 Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. analysts anticipate that Amphenol Corporation will post 3.21 EPS for the current fiscal year.
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In related news, CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the sale, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at approximately $18,639,961.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,188,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 397,000 shares of company stock worth $33,877,390. Company insiders own 2.51% of the company’s stock.
Several large investors have recently made changes to their positions in APH. Janus Henderson Group PLC increased its position in shares of Amphenol Corporation by 1,662.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after purchasing an additional 9,996,239 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Amphenol Corporation by 53.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock valued at $196,616,000 after buying an additional 928,733 shares in the last quarter. Janus Capital Management LLC boosted its holdings in shares of Amphenol Corporation by 10.8% in the 1st quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Amphenol Corporation by 345.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,041,687 shares of the electronics maker’s stock valued at $88,168,000 after buying an additional 808,015 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Amphenol Corporation by 2.6% in the 2nd 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. 96.74% of the stock is currently owned by institutional investors.
About Amphenol Corporation
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.
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